Marketplace platform for forum-based communities and enthusiasts raises $1.6m seed funding from investors including Bertelsmann.
Panjo, a US-based online marketplace for enthusiasts and hobbyists, has raised $1.6m in seed funding led by venture capital firm Spark Capital, with the participation of Bertelsmann Digital Media Investments, the corporate venturing unit of Germany-based publisher Bertelsmann, seed-stage venture capital firm Lerer Ventures and strategic advisory firm Mesa.
Previously, Panjo raised $150,000 from angel investors.
The seed funding will be used to grow the company’s marketplace and enthusiast partner network, as well as to create a mobile app.
Chad Billmyer, Panjo co-founder and…
