Tedooo Raises $3M To Scale Its Social Network For Buyers And Sellers
07/20/22, 1:05 PM
Location
tel aviv
Money raised
$3 million
Round Type
seed
Tedooo, a Tel Aviv-based social network marketed towards the trade world, has raised $3 million in seed funding led by Stardom Ventures. The platform is designed to help boost and create global trade communities via partnerships between sellers and buyers. Tedooo’s current main focus is the handmade crafts and DIY industry in English-speaking countries.
Company Info
Location
tel aviv, tel-aviv district, israel
Additional Info
The company says it has thousands of new organic users each week and plans to scale growth through marketing.“We are growing rapidly,” Michelle said in an interview with TechCrunch. “One month ago, we had Michelle says that for the time being, users can’t complete the payment process on Tedooo, but that the company plans to create a system that allows in-app payments. However, she says that the two companies share a mutual audience and industry, which is largely the crafts and DIY market. Tedooo co-founder and president Tal Shoham said the round closed in 24 hours and that the company is receiving more funding offers.“In terms of what we’re going to do with the funding, we’re going to focus on developing the best product,” Shoham said. Today, Tedooo has more than 100,000 registered users in over 150 countries. Things are changing super fast and we believe this organic traction shows that Tedooo is a promising platform.”Image Credits: TedoooWhen browsing Tedooo, you can search and follow crafters that you’re interested in. Some may compare the platform to Etsy, but Michelle says Tedooo is a social network, not an e-commerce platform.