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Marketplaces Investments

 

Marketplaces Highlights

houzz

Houzz Expands Marketplace Offering

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LC

Lending Club – Largest Online Marketplace in US for Consumer Credit

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Desk

Elance-ODesk Expands into New Markets

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doximity2

50% of US Doctors are on the Doximity Network—More than the AMA.

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Our Marketplaces Investing Approach

Successful online consumer and commercial marketplaces account for more than $1 trillion in public market valuation combined. Canvas Partner Paul Hsiao and others have observed that there is an evolution of horizontal marketplaces (eBay, Amazon and LinkedIn) to the emergence of specialized vertical communities (i.e. Airbnb, Houzz, and Uber) that are creating many new $10-billion plus entrepreneurial opportunities.

The convergence of cloud SaaS software, smart IoT data, machine-learning, and the ability to work anywhere makes forming new online marketplaces and professional communities possible. These new companies are re-shaping economies and becoming the new ‘operating system’ for their respective industry participants. They are making it accessible for the first time for many of the small, talented players to participate and thrive.  Furthermore, we also see their exciting, positive social impact as more women around the world are able to participate in the job market. We are very optimistic about the positive change and the economic opportunities these marketplaces unlock.

Additional marketplace examples include: lodging (Airbnb), transportation (Uber), export/import (Alibaba), home furnishing and home services (Houzz & Wayfair), shipping logistics (Transfix & XPO), fashion (TheRealReal), freelancing (Crowdflower & Upwork), crowdfunding (Lending Club, Kickstarter & Kabbage), real estate (Zillow, RealtyMogul & Roofstock), corporate services (Eden), HR & corporate learning (Glassdoor & Everwise), healthcare (Doximity), non-profit (Fluxx Labs), weddings (Zola), education (Coursera & Udemy), and others.

Here’s a closer look at some marketplace investments made by our partners over their lifetimes:

Houzz

A new way to design your home with millions of designers, consumers, and home furnishing manufacturers

Zola

One of the fastest-growing wedding registries for couples and brands targeting millennials

Transfix

One of the largest trucking-logistics marketplaces with a virtual network of more than 15,000 drivers in the US

Everwise

An enterprise social-learning leader trusted by Fortune 500 companies and more

Lending Club

A marketplace for borrowers and lenders of consumer credit

CrowdFlower

A marketplace for data scientists, brand managers, and anyone who needs data enrichment

Doximity

A vertical network for doctors

Upwork

A marketplace for freelancers

NexTag

A marketplace for shoppers and online retailers

Socrata

A marketplace for government data and citizens

Marketplaces News

Everwise Raises $16M Series B for Social Learning Platform

Michael C. Fina Transforming Into Online-Only Retailer

Lending Club Shares Soar 56 Percent In Market Debut

Doximity, the Social Network for Physicians, Continues Impressive Growth

Can Digital Health Tools Lower The Risk Of Malpractice Lawsuits?

CrowdFlower Wins Best-in-Show at Finovate by Audience Vote

Lending Club Files for IPO; Startup Emerged During Credit Crisis

Socrata Raises $18M For Platform To Open Government Data

NexTag Sells Stake to Private Equity