Facebook Commerce Platform Soldsie Announces $1M In Seed Funding

Although Facebook commerce platform Soldsie works by allowing brands to process purchases within the comments section of the social network, the $1 million in seed funding it announced Wednesday did not come via comments, but from a group of institutional investors.

Although Facebook commerce platform Soldsie works by allowing brands to process purchases within the comments section of the social network, the $1 million in seed funding it announced Wednesday did not come via comments, but from a group of institutional investors.

Soldsie said participants in the funding round included 500 Startups, e.ventures, FundersClub, former Facebook employees Yun-Fang Juan and Jonathan Ehrlich, Peanut Labs Founder Prosper Nwankpa, and angel investors Elliot Loh and Tom Kelly.

Soldsie works by allowing brands to post their items, with pictures, on their pages via its platform, and interested Facebook users can comment “Sold!” and check out securely via PayPal.

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