Index Ventures buys into Etsy, now worth almost $300 million
The round gives Etsy a pre-money valuation of just under $300 million, about triple the valuation it got during its last, $27 million round in January, 2008. Most of the shares sold—nearly $14 million of the $20 million—were secondary shares held by some of the early investors. But unlike other rounds we’ve seen lately, this wasn’t a liquidity event for founders. Kalin says he did not sell any shares, nor did any employees.