Etsy Secures $40 Million for International Expansion

Etsy, the online marketplace where people sell their arts and crafts, has raised $40 million in funding. Investors include Index Ventures (which led the round), Accel Partners, Union Square Ventures, Hubert Burda Media and Glynn Partners. In a blog post, Etsy CEO Chad Dickerson said the company will expand internationally. To date, Etsy has raised $91 million in capital.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work