Tech

One Of New York's Hottest Startups Just Raised $40 Million

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Etsy CEO Chad Dickerson
Etsy CEO Chad Dickerson  Etsy

Etsy, an online site for selling hand-made merchandise and art, just raised $40 million in its sixth round of funding, the New York Times reports.

Investors include Index Ventures, Accel Partners and Union Square Ventures among others, according to the report.

CEO Chad Dickersen told the New York Times he plans to hire community managers and open offices in countries where Etsy can sell a lot of merchandise.

Australia and Canada are particularly interesting options, he told the New York Times.

Etsy has 875,000 people selling merchandise on the site and 15 million users worldwide, according to the report. 

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Prior to joining Business Insider in 2011, Matt covered video games and technology at VentureBeat. He also covered markets and stocks for Reuters. Matt is a graduate of the University of North Carolina at Chapel Hill, where he studied mathematics, physics and business journalism. This page is from an old version of Business Insider. To see Matt's recent articles, visit his updated author page here.