XAnge et al. invest $2.1m in Peerby

Previous backer Sanoma Ventures – the venture capital investment arm of educational media firm Sanoma – also took part in the round alongside US incubator TechStars and several business angels from the US and Canada.

Sanoma first invested in the company in November 2012.

Peerby will use the capital solely to expand in the US market. The company is already piloting its services in eight cities in the US and aims to increase this number to 50 next year.

Company
Founded in 2012 and headquartered in Amsterdam, Peerby operates a website and app that allows customers to borrow items from other local people.

The company claims to have 1 million items on its platform and 100,000 users. Its services are already present in Belgium and the Netherlands, as well as in London and Berlin. It is currently being piloted in eight US cities.

Peerby is aiming to create a service equal to that currently experienced via its platform in the Netherlands and Belgium: the company claims the majority of requests are answered within 30 minutes in these countries. It hopes to one day reduce this time even further to just one minute for a request response.

People
Daan Weddepohl is the CEO of Peerby. Rodolphe Menegaux is a senior investment manager at XAnge.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Benelux
• Expansion
• Consumer
• XAnge Private Equity
• Netherlands