Gemr Raises $4.93M in Series A Funding
Summary
Gemr, a Portsmouth, NH-based online social community for collectors, raised $4.93m in Series A funding.Backers included: – Gary R. Sullivan, Co-Founder, American Antiques expert and appraiser on PBS’s Antiques Roadshow, – James B. Hawkes, former Chairman and Chief Executive Officer of Eaton Vance Corp., and – The NH MillWorks Fund.The company intends to use the funds to complete the development of its iOS and Android mobile applications, a web app, and to support a national marketing launch effort.Founded in 2013 by CEO Terry Anderton, Gemr is an online collector community and mobile native application that allows users to find, collect, trade or sell an item by snapping a picture and sharing it with interested peers.It uses technology to provide sellers and buyers with real-time market feedback and valuation on items they post.