Shareitt

Company Overview

Snapshot

Founded in August 2018 by Michael Malul, Shareitt operates with 1–10 employees. The company has raised $2M across one funding round. In December 2020, Shareitt secured $2M in Seed funding to advance its peer-to-peer marketplace platform.

Business overview

Shareitt operates a peer-to-peer marketplace platform focused on second-hand goods, enabling users to buy and sell preloved items using Shareitt tokens instead of real money. Developed by Haim Tov LTD, the application serves consumers within the retail platforms sector, offering a unique shopping experience through its e-commerce and marketplace functionalities.

Strategic signal

In December 2020, Shareitt secured $2M in Seed funding, a significant validation for its innovative peer-to-peer marketplace model. This investment signals investor confidence in the company's approach to facilitating transactions of second-hand goods without traditional currency, highlighting a potential shift in consumer behavior towards token-based economies within the retail sector.

Company Intelligence Q&A

What is Shareitt's core business model?

Shareitt operates a peer-to-peer marketplace platform where users can exchange second-hand goods using Shareitt tokens, rather than traditional currency.

When was Shareitt founded?

Shareitt was founded in August 2018 by Michael Malul.

How much funding has Shareitt raised?

Shareitt has raised a total of $2M in Seed funding in December 2020, as reported by Geektime.

What was a key funding event for Shareitt?

In December 2020, Shareitt secured $2M in Seed funding, which was reported by Geektime.

Who developed the Shareitt application?

The Shareitt application was developed by Haim Tov LTD.