Company Overview
Snapshot
Founded in August 2018 by Michael Malul, Shareitt operates with 1-10 employees. The company has raised $2 million across one funding round from private investors from Israel, Australia, and the U.S. In December 2020, Shareitt secured $2 million in seed investment from private investors from Israel, Australia, and the U.S.
Business overview
Shareitt operates a peer-to-peer marketplace platform focused on second-hand goods, enabling users to buy and sell items using Shareitt tokens instead of traditional currency. The platform aims to facilitate the exchange of preloved items, allowing users to convert unused household goods into digital currency for further purchases within the ecosystem. Shareitt serves consumers in the e-commerce and retail sectors, operating within the broader market of social commerce and P2P platforms.
Strategic signal
In December 2020, Shareitt successfully closed a $2 million seed funding round. This investment, sourced from private investors across Israel, Australia, and the U.S., signals strong early-stage confidence in Shareitt's innovative token-based marketplace model for second-hand goods. The capital infusion is earmarked for product development and market expansion in 2021, indicating a strategic push for growth and broader adoption of its digital currency system in the P2P commerce landscape.
Log in to access full profile ›Company Intelligence Q&A
- What is Shareitt's core business model?
- Shareitt operates a peer-to-peer marketplace where users can buy and sell second-hand items using a proprietary digital currency called Shareitt coins, rather than real money.
- When was Shareitt founded and by whom?
- Shareitt was founded in August 2018 by Michael Malul.
- What was the most recent funding event for Shareitt?
- In December 2020, Shareitt completed a seed funding round, raising $2 million from private investors from Israel, Australia, and the U.S.
- What are Shareitt's plans for the capital raised?
- The $2 million seed funding secured in December 2020 is intended for further product development and market expansion in 2021.
- How many employees does Shareitt currently have?
- Shareitt currently operates with 1-10 employees.