Backpackr operates idus, a marketplace for handmade goods and a creator services ecosystem that also includes crowdfunding platform Tumblbug and a creator subscription service called Steadio. The company positions itself as a one-stop-shop for creators, enabling sellers to open online boutiques, crowdfund projects and connect with fans through classes and subscriptions. Backpackr plans to expand into Southeast Asia in Q2, targeting Singapore, Hong Kong, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines, with Japan and the U.S. on its longer-term radar. The startup will use new capital to invest in R&D for an AI-powered search and recommendation system and to hire additional employees. As of November, Backpackr reported about 60,000 creators and said it surpassed $804 million in gross merchandise volume; it passed break-even in the second half of last year but remained loss-making in fiscal 2022, and expects to generate profits this year.

Total raised

$16M

Funding rounds

1

Latest round

Series C

Latest activity

Jan 2023