I’m excited to support not only a successful marketplace-as that business model has proven itself powerful-but a company that’s uplifting an entire industry.” In August 2017, the company announced another $15 million in funding from 65 investors, including PayPal co-founder Max Levchin, Silicon Valley investor Roger McNamee, former Twitter COO Adam Bain, and Jon Oringer, CEO of Shutterstock, who said, “As a regular user of, I am witnessing first-hand the positive impact that the company is having on musicians and the way instruments are bought and sold. The company raised another $4.2 million in January 2015 before announcing an additional $25 million led by global growth equity investor Summit Partners in December of the same year. In November 2013, Reverb secured $2.3 million in funding from investors including Cheap Trick's Rick Nielsen, Lightbank co-founders Brad Keywell and Eric Lefkofsky, David Lowery of Cracker and Camper van Beethoven, Silicon Valley entrepreneur Eric Ries, and country music star Brad Paisley. In August 2019, was acquired by Etsy for $275 million. In late 2017, it launched Reverb LP, an online marketplace for LPs and other physical music and the Reverb Foundation, with non-profit supporting programs and initiatives to increase access to music education, equipment, and playing opportunities. It offers iPhone and Android apps that include the site's main features, and as of 2017 has on-the-ground support in the UK, The Netherlands, Australia, Germany, France and Japan. To help users determine market values for instruments, has a price guide of real-time transactional data. It has also sold equipment from popular artists such as Maroon 5, Wilco, Green Day, Billy Corgan and Ray Lamontagne. It allows anyone to create free listings for musical instruments and other related equipment. It has grown into a multimillion-dollar business with more than 10 million monthly visitors and $47 million in funding. It was founded in 2013 by David Kalt, shortly after he purchased the musical instrument store Chicago Music Exchange and became frustrated with then-available options for buying and selling guitars online. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or is an online marketplace for new, used, and vintage musical equipment. BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment.
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