Peach App offers a flash-sales marketplace where users name a price and have nine minutes to bid on mostly women’s clothing and luxury accessories. The model is auction-based and was inspired by the team’s sellegit.com auction site; Peach positions eBay as a closer rival than traditional flash-sale services. The app launched an invitation-only beta last month, has since reached 5,000 users, and is now open to all users. Peach monetizes by charging commissions on transactions. The company is gearing up for Thanksgiving with back-to-back auctions to drive activity. Financially, Peach recently secured seed funding to support growth.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2014