Rockstart Alumnus Peerby Raises $2.1 Million To Expand Internationally

Rockstart Accelerator alumnus Peerby, the world’s only peer-to-peer goods borrowing marketplace, recently announced that it has raised $2.1 million in the investment round led by French XAnge Private Equity with the participation of the existing investor Sanoma Ventures, TechStars and angels from Canada and the United States.

Founded by Daan Weddepohl in 2011, the startup became the first local borrowing platform with real traction. The website and the app create safe and effortless experience by asking user’s neighbours if they are willing to lend out their stuff through Facebook, e-mail and push notifications. The majority of the requests are answered within 30 minutes. With 100,000 current users Peerby operates in the Netherlands, Belgium, London and Berlin.

Don Ritzen, co-founder & managing director at Rockstart Accelerator says: “Back in 2012 we invited Daan Weddepohl to pitch at the IPAN event we were hosting that evening, we instantly loved the idea and thought that it could have a major impact in the way we consume.”

Right after being selected for the 2012 program, Daan teamed up with Eelke and Jonas and together they created the first version of the platform, got the first users on board and gave an inspiring presentation at Demo Day. During the event, they met Sanoma Ventures who a few months later jumped on board and provided their seed funding. According to Don, after finishing the program, Peerby’s team grew from being the first Spaces tenants at Herengracht 440 (total space: 250 m2) to occupying the whole second floor of Rockstart Spaces at Herengracht 182 (total space: 2000 m2) in Amsterdam. Don says: “What special is that Rockstart and Peerby have grown side by side in the past 2 years and we are proud and excited to be a part of their journey.”

According to Daan, Peerby plans to use the raised funds for further product development and international growth specifically focusing on 50 US cities. Their vision is turning into reality.

Photo: Daan Weddepohl, founder and CEO at Peerby.

Also on Rockstart