Y Combinator alum Asseta, a marketplace for capital equipment and other spare parts, has raised an additional $1 million in seed funding, after shifting its focus away from the sales of used manufacturing equipment last fall, the company says.
"Asseta, the B2B marketplace for used manufacturing equipment which was sort of the odd one out in Y Combinator’s summer 2013 program last year, has now scored a seed round of $535,000. Investors included Ace & Company, Beenos Partners, Matt Huang, and others, as well as help from the WeFunder and AngelList crowdfunding platforms."
"While you might not be personally excited about an online marketplace where you can buy and sell used manufacturing equipment – and, at launch, primarily semiconductor equipment – a new startup called Asseta demonstrates the potential in taking the now familiar concept of a transparent buyer and seller marketplace to a new vertical, which has yet to be flattened by the power of the web and the one-to-one connectivity it allows."
Anton emigrated from Ukraine and learned how to "hustle" at an early age. He bootstrapped his way through Villanova by tutoring, trading textbooks and graduating in 3.5 years. Within the first 6 months of graduation, he was able to pay off 40k in student loans due to his success in this industry. During his first year in the industry he sold over 4 million dollars worth of equipment.
Jonathan has a proven track record in the industry, selling over 7 million dollars worth of equipment in 2011. He was also promoted to create his own autonomous team to explore emerging markets. He has always had an eye for design, running his own apparel company throughout high school and college. Since starting Asseta he has taught himself HTML, CSS, JS and most recently Node.js. He's in charge of product and front-end development at Asseta.
Prior to Asseta, Garrett was a managing partner and co-founder of Applied and Integrated Capital Group and has also worked in Trulia as an inside sales associate. He graduated from UC Berkeley in 2010, receiving his B.A. in Legal Studies.
Adam has been carving out a niche as a software developer and marketer ever since those fields began to converge. Prior to joining Asseta, he was building marketing automation systems, Salesforce integrations, analytics trackers, and web sites for Touchpoint Metrics, a customer experience consulting firm for Fortune 500 companies. He has a Bachelor's degree from UCLA and a J.D. from University of California, Hastings College of Law, where he was Technology Editor for the Hastings Business Law Journal. His father was a used equipment dealer and he grew up in this industry.
Prior to Asseta, Brad was a co-founder of SBR LLC. Before that he was an associate at KPMG running diligence on large M&A transactions, He graduated from Emory University in 2011, receiving his B.B.A. in Accounting.