iSold It Raises $7.25M

Pasadena-based iSold It, a firm that operates an eBay drop off store franchise, said this morning that it has raised $7.25M in venture funding from Jacaranda Partners. The company said that the funding woul dbe used to accelerate the company's expansion into new e-commerce services and to introduce its services to new customers. As part of the funding, Michael Dooling of Jacaranda Partners will join the company's board. Dooling is the former chairman of Mail Boxes Etc. iSold It provides a franchise program for creating an eBay drop off site, including proprietary software for managing inventory and listing products. More information »