Swopboard operates a peer-to-peer marketplace that lets buyers and sellers list used items for free and set their own prices, with the platform deducting PayPal fees and a $1.99–$7.99 sales fee. The service requires a minimum 10% donation of net proceeds to the seller’s chosen school (defaulting to the Boys and Girls Club if no school is specified), and parents can set higher amounts; the article reports an average donation of 46%. Swopboard supports a broad range of categories beyond kids’ clothing, including gear, gadgets, home goods, pet items, furniture, jewelry, collectibles, textbooks and toys. It also offers “SwopBoard Boutiques,” private collections from partners that give 10% of each sale to the buyer’s school of choice. The company was founded by Natalie Angelillo, who launched in the Seattle area in November 2013 and expanded nationally in January. Swopboard raised external capital to support the business, with $1 million in seed funding from angels in the Seattle and Bay Area.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2014