Total amount raised
$1.2 Billions
Latest funding date
Location
Title
eBay has successfully navigated multiple funding rounds, with its most recent being a Post-IPO Debt round. The company has garnered support from notable investors such as Maveron and Benchmark.
Keep reading to delve into the details of eBay's fundraising journey and the key investors who have backed this global e-commerce giant.
What Is eBay?
eBay, founded on September 3, 1995, by Pierre Omidyar and Simon Rothman, is a global online marketplace headquartered in San Jose, California. The platform connects millions of buyers and sellers, facilitating transactions for a wide range of goods, including electronics, clothing, and collectibles.
eBay offers features like buyer protection, seller ratings, and international shipping options, making it a trusted platform for both consumer-to-consumer and business-to-consumer sales. The company has grown significantly since its inception and now employs over 10,001 people.
For more detailed information about eBay, you can visit their Crunchbase profile or their official website.
How Much Funding Has eBay Raised?
- Venture Round
- Amount Raised: $6.7M
- Date: June 1997
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform and enhance its technological infrastructure.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 1998
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Post-IPO Debt
- Amount Raised: $1.2B
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To redeem outstanding notes and for general corporate purposes.
eBay has raised a total of $1.2067B in funding. The current valuation is not publicly disclosed.
Key Investors
- Benchmark
- Details: Benchmark is a venture capital firm based in Silicon Valley. It is known for its early-stage investments in technology companies.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Uber, Twitter, Snapchat
- Maveron
- Details: Maveron is a consumer-only venture capital firm co-founded by Dan Levitan and Howard Schultz. The firm focuses on early-stage companies.
- Investment Focus Areas: Consumer, Retail, E-commerce
- Notable Investments: Allbirds, eBay, Zulily
- BofA Securities, Inc.
- Details: A subsidiary of Bank of America, BofA Securities provides investment banking, trading, and advisory services. It is a key player in global financial markets.
- Investment Focus Areas: Investment Banking, Trading, Advisory Services
- Notable Investments: Various large-scale corporate financings and advisory roles
- HSBC Securities (USA) Inc.
- Details: Part of HSBC Group, HSBC Securities offers a range of financial services including investment banking and securities. It operates globally with a strong presence in the USA.
- Investment Focus Areas: Investment Banking, Securities, Financial Services
- Notable Investments: Global financial services and investment banking projects
- Wells Fargo Securities, LLC
- Details: The investment banking division of Wells Fargo, Wells Fargo Securities provides capital markets and advisory services. It is a significant player in the financial services industry.
- Investment Focus Areas: Capital Markets, Advisory Services, Investment Banking
- Notable Investments: Capital markets and advisory services for major corporations
What's Next for eBay?
eBay's recent $1.15 billion debt offering opens up significant opportunities for the company. With the proceeds, eBay plans to redeem outstanding notes and invest in strategic initiatives. This financial maneuver positions eBay to capitalize on industry trends like mobile commerce and social commerce, potentially driving substantial growth.
Future fundraising could see eBay leveraging similar debt offerings to manage its capital structure efficiently. However, challenges such as rising interest rates and economic uncertainties could impact its ability to service new debt. Navigating these hurdles will be crucial for eBay as it aims to maintain its market position and explore new growth avenues.
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