Wednesday, September 21, 2016

TechStars Seattle Grade TrueFacet Finds $6M

TrueFacet, an online retailer of used jewelry and watches, which had been part of TechStars Seattle, is directly benefiting from its links to Seattle with a new, $6M funding, which it announced this morning. TrueFacet--based in New York--sait it raised $6M in a Series A funding, which was led by Seattle investor Maveron, and also included Freestyle Capital, Social Leverage, Founder's Co-op (also in Seattle), Trilogy, and Liquid2 Ventures (the venture investment firm of Joe Montana). TrueFacet is led by Tirath Kamdar. The company offers up a wide range of jewelry and watch brands, applying what it says is a "unique" pricing system which helps its customers to receive the best price for their items in a competitive market.