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October 21, 2013 AT 12:38 pm

Tindie raising $1m on AngelList #makerbusiness

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Tindie raising $1m on AngelList.

Faster prototyping & cheaper manufacturing have allowed hardware experts to gain a hold in a market traditionally dominated by multi-national corporations. Last fall, we raised $500k in convertible notes to build a marketplace for these independent hardware companies.

Tindie now has over 4,000 customers, 1,200 products, and 300 businesses. Products include Arduino & Raspberry Pi shields, sensors, robots, 3D printers, drones and more. Our customers include Fortune 500 corporations, government agencies, universities and hobbyists.

Because of our growth, our sellers are continually running out of inventory (especially after months like August), and waiting on the completion of their next product run. We’re currently sold out of over 160 products. We are raising $1m to build the infrastructure to connect manufacturers & fulfillment businesses with our sellers. This will allow us to meet market demand while also freeing our sellers to design new products.

Currently valued at $6m – here are the investors.

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