According to an announcement on the Sold website, seven month old Sold has been acquired by Dropbox and has closed its service. The terms of the deal were not disclosed. The company was forecasting $1 million in annual revenue
Sold was a service and iOS/Android app that simplified selling online by taking over the whole process. They handled handled the selling, the shipping, and the payment.
Sold was backed will $1.2 million from investors. Advisors and investors included Google Ventures, Greylock Partners, Matrix Partners, Boston Seed, Dharmesh and MIT Media Lab.
Hi, friends! We’re very excited to announce that Sold has joined Dropbox! As of today, our service will no longer be accepting new items.
We’d like to sincerely thank all of our loyal friends and customers who have helped us, supported us, and spread the love for us through this amazing endeavor. We started Sold to provide people with a service that took the burden of selling off their shoulders – by doing all the dirty work for them.
But even beyond that, we wanted to create something that affected people in a positive way. Something they had an emotional connection with. Something they trusted. After spending time with Drew and Arash, we decided that the move to Dropbox couldn’t be better – their roadmap includes exciting new experiences which align perfectly with our ethos of creating products that positively affect people. Going forward, the Sold team will continue working together to build these experiences, shaping the future of Dropbox for their 200M strong user base. It’s an opportunity too good to pass up.
We’re really excited for the new set of challenges ahead, and are absolutely dedicated to continuing to create great experiences.
If you’re a current user with items in the system, expect to hear from us with instructions on how to proceed and finish your transaction.
Thank you, thank you, thank you,
-The Team at Sold
USA, San Francisco, CA & Boston, MA
- Dropbox acquires TapEngage Posted on July 24, 2012