Reverb.com

Reverb.com is an online marketplace to buy and sell music gear which launched in 2013.[1] The site allows both dealers and individuals to create free listings for instruments and other equipment. Reverb also includes an integred price guide that pulls transaction data to determine fair market values for a wide range of instruments and gear.[2] Reverb charges a 3.5% sales fee for items sold through the platform, and has also released iPhone and Android apps which include the site's main features.[3]

Reverb was founded by David Kalt,[4] owner of the Chicago Music Exchange and co-founder of the online options brokerage OptionsXpress. In November 2013, Reverb raised $2.3 million in investment which included funds from Chicago-based firm Lightbank, as well as David Lowery and Cheap Trick's Rick Nielsen.[5] In December of 2015, Reverb announced an additional $25 million in funding in a Series B round led by Summit Partners.[6]

In addition to shops from individuals and dealers, Reverb has also hosted gear sales for a number of artists including Rick Nielsen, Ray LaMontagne, Ben Kweller, Rex Brown of Pantera, and Wilco. In 2015, Reverb launched a new business to connect music teachers and students dubbed Reverb Lessons.[7]

References

This article is issued from Wikipedia - version of the Monday, April 18, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.