Reverb.com is an online marketplace founded and led by CEO David Kalt that connects hundreds of thousands of buyers and sellers of new, used, and vintage music gear. The platform lists roughly half a million items spanning guitars, effects, studio gear, synthesizers, drums, DJ equipment, orchestral instruments, and music-making software. The company raised $15m in the current financing and has secured $47m in total funding to date. Reverb intends to use the new capital to launch Reverb LP, a dedicated marketplace for vinyl records and other physical music formats, later this year. The marketplace serves a wide array of sellers, from beginner musicians and mom-and-pop shops to boutique builders, large retailers, manufacturers, collectors, and notable musicians. Reverb is based in Chicago, Illinois. Reverb.com is a consumer marketplace for musicians to buy and sell new and used gear via a website and iOS and Android mobile apps. The platform provides tools to create product listings, browse gear, and compare historical pricing and sales data. It also hosts educational and editorial content including product reviews, demo videos, gear histories, and artist interviews. Founded in 2013 and led by founder and CEO David Kalt, the company is based in Chicago, IL. Reverb was on pace to process more than $120 million in transactions in 2015. The company intends to use the funds for international expansion, branding, and continued technical innovation. Reverb.com operates an online marketplace and mobile app focused on the $7 billion new, used, vintage and handmade musical-instruments and gear market. The platform offers a comprehensive Reverb Price Guide, multimedia-rich listings, musician-curated content, and tools that let buyers make offers on more than 90% of listings. Sellers benefit from fast, free listing tools and a 3.5% transaction fee, which the company cites as roughly one-third the fees charged by eBay. The site and app have attracted more than 4,000 dealers, from individuals building small businesses to large, well-known dealers. Reverb was founded by David Kalt of the Chicago Music Exchange in late 2012 after frustrations with eBay; the Chicago Music Exchange bought and sold about $500,000 of guitars and gear on eBay in that year. The company emphasizes a musician-focused user experience and specialized marketplace features for buying, selling and valuing instruments.

Total raised

$42M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2017