SendOwl Raises $7 Million Seed Round

<p><span class&equals;"legendSpanClass"><span class&equals;"xn-location"><strong>SAN FRANCISCO<&sol;strong> &&num;8211&semi;<&sol;span><&sol;span>&&num;8211&semi; SendOwl&comma; a technology company that provides the infrastructure to transfer&comma; manage&comma; protect and collect payment for digital products&comma; has secured <span class&equals;"xn-money">&dollar;9 million<&sol;span> in seed funding in a round led by by new investor TheGP&comma; with participation from returning investors defy&period;vc and Alumni Ventures&comma; and new backer Authentic Ventures&period; The new funding will be used to accelerate the product roadmap&comma; increase the number of 3rd party integrations&comma; and invest in key creator partnerships&period;<&sol;p>&NewLine;<p>SendOwl is building the &&num;8220&semi;digital product rails for the internet&&num;8221&semi; with a set of powerful and scalable tools designed to help people share their knowledge and passion with the world and in the process get paid for doing what they love&period; It is now the preferred tool for tens of thousands of independent merchants&comma; as well as some of the world&&num;8217&semi;s largest creative companies including Bungie Inc&period; and Universal Music Group&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We believe scaled internet commerce was built primarily with physical goods in mind&comma; and we&&num;8217&semi;re excited to build a ground-up commerce layer for digital products&comma;&&num;8221&semi; said <span class&equals;"xn-person">Matt Plotke<&sol;span>&comma; CEO of SendOwl&period; &&num;8220&semi;We hear from creators all the time how much of a game-changer it is for them to control their revenue streams&comma; and I look forward to continuing to expand the product and team to service an ever-growing user base&period; Completing this round at a significantly increased valuation to our last is further validation that our vision is resonating&period;&&num;8221&semi;<&sol;p>&NewLine;<p>SendOwl says users have delivered more than <span class&equals;"xn-money">&dollar;2 billion<&sol;span> of digital products using the platform&comma; which grew its monthly average users 25&percnt;&plus; in H2 of 2022 alone&period; The funding comes shortly after several other recent product launches&comma; including the Link App&comma; which allows Linktree&&num;8217&semi;s 30M&plus; users to sell digital products and services directly from their Linktrees&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are incredibly excited to partner with Matt and the team at SendOwl&comma;&&num;8221&semi; said <span class&equals;"xn-person">Phin Barnes<&sol;span>&comma; Co-Founder of TheGP&period; &&num;8220&semi;It&&num;8217&semi;s rare to find a company with such strong product market fit when it comes to helping creators build sustainable businesses&period; That&&num;8217&semi;s why we were eager to provide the partnership and funding they needed to build the infrastructure to support these creators&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;At <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3783931-1&amp&semi;h&equals;1655601287&amp&semi;u&equals;http&percnt;3A&percnt;2F&percnt;2Fdefy&period;vc&percnt;2F&amp&semi;a&equals;defy&period;vc" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">defy&period;vc<&sol;a> we saw the massive opportunity in front of SendOwl early on and it was a no brainer to continue to invest behind the vision and Matt&&num;8217&semi;s leadership&comma;&&num;8221&semi; said <span class&equals;"xn-person">Bob Rosin<&sol;span>&comma; partner at defy&period;vc&period; &&num;8220&semi;With the tremendous growth in digital goods commerce&comma; the need for an infrastructure solution is something that reminds me of the early days at Stripe&period;&&num;8221&semi;<&sol;p>&NewLine;