Kidizen’s mobile, peer-to-peer marketplace allows parents to buy and sell their children’s clothing, toys, shoes and other easily shippable items.
“It was a quick oversubscribed round,” CEO Dug Nichols says. “Open to close in three weeks.”
New backer Matchstick Ventures participated in the round, in addition to previous investors that include Sofia Fund & Gopher Angels. Kidizen has consistently been raising over the years and now has an estimated capitalization of $1.2m, with a recent move out of Startup Venture Loft and into CoCo’s new Northeast space to accomodate growth.
“We crossed 100k registered users, are growing 100% quarterly, and have grown 10x YoY! We also grew the team from 5 to 9 FTE earlier this summer, launched on Android in July, and are seeing cashflow positive in the next 6 months. Good stuff.”