MassGenie

Website:massgenie.com
Location:Orange County, CA United States
Revenue:$11.5M
Industry:Tech Services
Founded:2016
Lead Investor(s):SV FRONTIER
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MassGenie is a unique, online marketplace that gamifies both the buyer & seller experience. MassGenie is both Crowd Shopping and Crowd Selling. It is the only marketplace where both the buyer & seller can initiate a deal. MassGenie is coming soon, stay tuned! The MassGenie Difference ? Buyer Value - Only marketplace where the buyer can initiate a deal. On MassGenie, buyers can initiate a deal via a Power Deal and crowdsource their demand by using their own social media, while earning points on the marketplace. ? Seller Value - Sellers are allowed to market to their own customers and even non-customers. The MassGenie seller portal is easy to use and a seller can spend as little or as much money advertising as they would like. ? Crowdsourcing - The Buyer can intelligently leverage the power of crowdsourcing to Crowd Shop and raise their buying power with the seller(s). ? Gamification Marketplace - Multiple sellers can compete to fulfill volume deals by lowering their price. The game (Power Deal) is unpredictable. The selling prices cannot be predicted from one game to the next, giving sellers and buyers the opportunity to try to win again and again over time.

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66

Number of Employees

$11.5M

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Current Jobs

29%

Employee Growth %

$4.7M

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MassGenie News

5-Mar-19 - MassGenie Accelerates Growth In Social Shopping: GMV Up 2576

MassGenie continues to change the way consumers shop online in the US, similar to what Pinduoduo did in China. Announces planned launch

25-Jan-19 - Sony's excellent WH-1000XM3 ANC Bluetooth headphones are $292

For another 20 hours as of publishing time, DealGuru via MassGenie is offering the 1000XM3 for $291.99. That's $58 off the MSRP and the

4-Jan-19 - MassGenie GMV Grows 2000%, Secures Funding From SV Frontier

GMV grew 2000% in the Fourth Quarter and 1398% for the Full Year while decreasing new customer acquisition costs to $29. MassGenie

MassGenie Funding

DateAmountRoundLead InvestorsReference
2017-01-23$1.0MAArticle
2018-03-28$1.5MUndisclosedArticle
2018-11-22$1.5MUndisclosedArticle
2019-01-04$UndisclosedUndisclosedSV FRONTIERArticle