Nearby, an e-commerce platform for local retailers, has raised $21M in a Series A funding round. The round drew participation from Google Ventures, Redpoint Ventures, Obvious Ventures, Cowboy Ventures, among others.
How’s the company performing?
- Oakland, California-based Nearby is a hyperlocal marketplace that supports the purchase, shipping, and marketing needs of local retail businesses.
- The company, which started in September 2020 with just 17 local businesses, has doubled the number of sellers on its platform since then.
- Nearby has over 20 employees and has made over $100,000 in sales.
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The post Google Ventures-Backed Nearby Raises $21M To Expand Its Hyperlocal Marketplace appeared first on CB Insights Research.