Daily Grommet Raises $3.4 Million For Invention Marketplace

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Thursday, April 15th, 2010

Daily Grommet, a curated online marketplace and video review site for quirky inventions and products, has raised $3.4 million in Series A funding from a number of investors, including John Landry, Launch Capital and Gerry Laybourne, founder of Nickelodeon and Oxygen Media.

The site features one creative invention or product per day, with an in-depth video review. Daily Grommet will also sell the product on its site and take a small cut from sales. Think Etsy meets social product development platform Quirky.

Daily Grommet features products of utility, style or invention that haven’t hit the big-time yet. For example, today’s product is a gardening wheelbarrow and cart. Other products include organic cotton socks, and collapsible flower vases. The company receives submissions from consumers and spotlights products with a video review explaining what’s compelling about each day’s product and the story behind its creation. Founded in 2008, DailyGrommet.com has nearly 400 products and video reviews in its online catalog.

Daily Grommet founder Jules Pieri says that the site incorporates Citizen Commerce, which allows consumers to connect with the investors and manufacturers of products in order to encourage innovation. Pieri declined to tell us how much of a cut Daily Grommet takes from sales, but says that its “healthy.”

Company: Daily Grommet
Website: dailygrommet.com
Launch Date: 2008
Funding: $5.71M

Daily Grommet is an online marketplace where you can discover and buy unique, new products and learn about the stories behind them.

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