D.C.-based online consignment store SnobSwap has been putting together a seed round, as we first reported in June. It has finally closed on more than $1 million.
The raise was led by NextLevel Management, and also included contributions from College Park-based Dingman Angels, California-based Simple Pitch and angel investors.
TechCrunch first reported the news Thursday, though the exact amount of the raise is yet unknown. The article revealed that SnobSwap, which was founded in 2010, has pivoted from a peer-to-peer model to an enterprise-facing system.
“Through this virtual online mall model, pre-vetted boutiques get the assistance and support they need, while at the same time, consumers can shop with peace of mind knowing that they are buying items from established businesses who have been around for a long time,” cofounder Emily Dang said in a press release.
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