Ethan McAfee bootstrapped Amify with his own money for seven years. Now he just secured outside funding to expand his business.
The startups works with companies including guitar-maker Fender guitars and running-shoe manufacturer Brooks to list their goods on the giant ecommerce site, battle vendors of counterfeit products, and handle returns.
"If you're a brand, you need to have an Amazon [presence]," McAfee told Business Insider on Thursday,"because that's where people are buying your stuff." Amify's pitch to potential customers is:"You can outsource your Amazon presence to someone who can do it better, faster, cheaper," McAfee said. But McAfee thinks Amify has only just begun to tap the potential of the market. After bootstrapping the company with his own funds for its first seven years, he recently went out seeking venture funding. Amify announced Thursday that it just closed its first outside financing round — $5.8 million in a Series A round led by Mercury Fund.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hot AI software startup Skymind used this pitch deck to raise $11.5 millionSkymind's software helps enterprise's AI systems tap into their stores of data.
Read more »
Here's the pitch deck this Austin, Texas, entrepreneur used to raise millions for a startup inspired by Mark Zuckerberg's congressional testimonyHere's the pitch deck this Austin, Texas-based entrepreneur used to raise millions for an idea inspired by Mark Zuckerberg's testimony before Congress
Read more »
Here's how Airtable raised $160 million last year — and got a valuation of around $1 billion — without a pitch deckCEO Howie Long and his team didn't have to put together a Power Point presentation to close Airtable's Series B and C funding rounds.
Read more »
Next Billion-Dollar Startups News: 3-D Printing Startup Markforged Raises $82 Million3-D printing startup, Markforged, doubled its funding amount after raising $82 million in a round led by Summit Partners by ElisabethAnne15
Read more »
Beto O'Rourke says he raised $6.1M online in 1st 24 hoursWASHINGTON (AP) — Beto O'Rourke's Democratic presidential campaign says he raised more than $6 million online during the first 24 hours after he announced his White House bid last week.
Read more »
O’Rourke raises $6.1M in campaign’s first day - Reuters TVBeto O'Rourke's campaign announced Monday that the former Texas congressman raised $6.1 million in his first 24 hours as a presidential candidate.
Read more »
Uber-For-Planes Startup BlackBird Raises $10 Million To Replace Road Trips With Flying PrivateBlackBird wants to make flying in a private plane a cheap alternative to driving.
Read more »
Battery start-ups are raising millions in the battle to crush TeslaBattery start-ups are raising millions of dollars from VCs and corporations such as Volkswagen to commercialize their breakthrough technologies. They believe their batteries are big improvements over the current lithium-ion batteries used by Tesla.
Read more »
Uber-For-Planes Startup BlackBird Raises $10 Million To Replace Road Trips With Flying PrivateBlackBird wants to make flying in a private plane a cheap alternative to driving by bizcarson
Read more »
Uber-For-Planes Startup BlackBird Raises $10 Million To Replace Road Trips With Flying PrivateBlackBird wants to make flying in a private plane a cheap alternative to driving.
Read more »