VerticalScope Inc., a digital media company specializing in enthusiast websites and interest-based online communities, acquired venture backed VarageSale in November 2017. Financial terms were not disclosed.
VerticalScope paid US $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]6.8 million for the assets of VarageSale according to TorStar financial reports.[/mepr-active]
Founded by Tami Zuckerman and Carl Mercier, VarageSale had raised over $34 million from investors including Sequoia Capital, Lightspeed Venture Partners, iNovia Capital, Real Ventures, and Version One Ventures.
Torstar Corporation (TSX: TS.B) through its Digital Ventures owns 56% of VerticalScope.