Details

Last Funding Type

Series C

Last Funding Money Raised

$55M

Industries

B2B,Banking,E-Commerce,Finance,Financial Services,Internet,Stock Exchanges

Founded date

Nov 17, 1999

Number Of Employee

101 - 250

Operating Status

Active

BarterTrust.com, founded in 1999, is North America's largest Internet-enabled business-to-business barter exchange with more than 7,000 clients. Its founders embraced a clicks-and-mortar strategy that blends the best practices of traditional business-to-business barter and e-commerce. Clients can trade online via the Internet or with the personal assistance of an experienced trade broker.
BarterTrust.com maintains 12 regional offices across the United States and expects to open more offices throughout 2000.

In 1999, clients within the BarterTrust.com Network generated $120 million in barter transactions, giving the company annual revenues of $10 million. Tens of thousands of items changed hands each month within the secure BarterTrust.com Network.

Headquartered in San Francisco, California, BarterTrust.com enjoys strong investor support, raising $15 million in its first two rounds of financing from such venture partners such as Argus Capital, Draper Richards, El Dorado Ventures and Vector Capital.

The company recently closed a third round of financing from additional investors, including General Motors Investments, Deutsche Banc Alex. Brown, and MSC Industrial Direct.