Hip eCommerce
Hip eCommerce operates collectible-specific marketplaces such as HipStamp, HipComic, and HipPostcard, providing tailored services and tools for sellers. The company, launched in 2016, recently closed a $5.325M Series A funding round to expand its business and development efforts.
Hip eCommerce Company Overview
Hip eCommerce is a company specializing in collectible-specific marketplaces. Since its launch in 2016, the company has focused on creating niche communities for collectors, including platforms like HipStamp, HipComic, and HipPostcard. The goal is to revolutionize eCommerce for collectibles, providing robust tools and services for sellers and a comprehensive search experience for buyers. Hip eCommerce boasts over $18 Million in annualized GMV and has over 1,500 sellers, 150,000 members, and 10 million listings across its platforms.
HipStamp: Specialized Marketplace for Stamps
HipStamp, a part of Hip eCommerce, offers a custom-built search engine that understands County and Catalog Number searches, making it easier for stamp collectors to find specific items. Designed from the ground up for stamp collectors, this platform serves a niche community with tailored tools and a focused marketplace environment.
Series A Funding and Future Plans
In a significant growth milestone, Hip eCommerce closed a $5.325M Series A funding round led by Next Coast Ventures. The funds are aimed at enhancing business, marketing, and development efforts as well as expanding the product roadmap. This financial boost positions the company to further innovate and enhance the collectible-specific eCommerce space.
Innovative Seller Tools and Services
Hip eCommerce offers a wide range of Seller Services designed to help sellers of collectibles reach a broader audience and increase their monthly sales. Notably, the company has developed Comic Book Image Recognition software, which enables sellers to list comic books four times faster, streamlining the selling process and improving efficiency. These tools are part of the company’s ongoing efforts to support the collectible seller community.
Acquisition of bidStart
In 2016, Hip eCommerce acquired bidStart from Stanley Gibbons, integrating it into their suite of collectible marketplaces. This strategic acquisition was part of the company's efforts to enhance and expand its offerings in the collectible-specific eCommerce sector, further broadening its reach and services for collectors and sellers alike.