SidelineSwap Secures Investment from eBay Ventures, Strengthening its Position as the Leading Marketplace for Sporting Goods
04 Maio 2023 - 11:04AM
Business Wire
SidelineSwap, the premier online marketplace for new and used
sporting goods, today announced a strategic investment from eBay
Ventures, the corporate venture arm of global commerce leader eBay
Inc. (Nasdaq: EBAY). SidelineSwap, which launched in 2015, enables
resale wherever sports enthusiasts shop or play, both through its
peer-to-peer online marketplace and through its trade-in
partnerships with retailers and brands.
The eBay Ventures investment follows another recent investment
in SidelineSwap by DSG Ventures, the corporate venture arm of
Dick’s Sporting Goods, which was announced in November 2022. DSG
Ventures, FJ Labs, and several angel investors are also
participating in the round.
SidelineSwap’s Trade-in Platform includes pop-up events,
in-store and online trade-in options for brands and retailers, and
a suite of tools for resellers in the SidelineSwap community to
power their own trade-in experiences. The Trade-in Platform is
powered by SidelineSwap’s best-in-class marketplace technology and
proprietary resale data, and represents the next generation of
resale marketplaces. The hybrid model, which includes peer-to-peer
and first-party sales, gives sellers the option to choose whatever
works best for them – direct resale or instant trade-in value.
Together, this ensures sporting goods customers can find a wide
selection of gear at great prices on the marketplace.
Dawn Block, eBay's VP of Collectibles, Electronics and Home,
said: "eBay is a pioneer of recommerce – the reselling of pre-loved
goods – and it’s been a foundational element of our marketplace
since day one. eBay Ventures’ investment in SidelineSwap represents
our continued focus on circular economy and resale innovation, and
our shared commitment to sustainability, affordability and
best-in-class experiences for enthusiast buyers and sellers.”
Brendan Candon, Co-founder and CEO of SidelineSwap, shared his
enthusiasm about working with eBay: "We’re excited about the eBay
Ventures investment as it will help us to further shape the future
of resale. Our team has long admired eBay as the pioneer in
recommerce, and we are looking forward to working together to
ensure sporting goods customers find the best selection of gear at
the best prices."
SidelineSwap will use the investment to expand its trade-in
platform and continue building the leading online marketplace in
sports. This collaboration between eBay Ventures and SidelineSwap
will empower both companies to better serve the sporting goods
community.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that
connects people and builds communities to create economic
opportunity for all. Our technology empowers millions of buyers and
sellers in more than 190 markets around the world, providing
everyone the opportunity to grow and thrive. Founded in 1995 in San
Jose, California, eBay is one of the world's largest and most
vibrant marketplaces for discovering great value and unique
selection. In 2022, eBay enabled nearly $74 billion of gross
merchandise volume. For more information about the company and its
global portfolio of online brands, visit www.ebayinc.com.
About SidelineSwap
SidelineSwap - the world's largest online marketplace for
sporting goods - makes it easy for athletes, fans and sports
families to safely buy and sell their gear. Founded in 2015,
SidelineSwap has enabled athletes to earn more than $100 million to
date by reselling the extra gear they have at home. Buyers can
expect to find great value on a wide range of inventory across all
sports, and sellers can quickly & easily turn their used
sporting goods into cash or shopping credit. SidelineSwap has been
one of the fastest growing marketplaces on Andreessen Horowitz's
A16z Top 100 marketplace list from 2019-2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20230504005247/en/
SidelineSwap Doug Smith, doug@sidelineswap.com
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