Panjo Picks Up $4.6M

Santa Monica-based Panjo, which operates an online marketplace for automotive and sport enthusiasts, said this morning that it has raised $4.6M in a Series A funding round. The funding came from Spark Capital, along with The New York Times Company, Fabrice Grinda, Lerer Ventures, BDMI, BEENOS Partners, Mucker Capital and Mesa. Panjo was founded by Chad Billmyer, Juan Vasconez, and Tom Gerken. According to the company, it has now raised a total of $6.7M. Panjo said the new funds go to expand its team.