Edgeio Has Been Busy

Posted by: Rob Hof on October 24, 2006

img-logotop.gifMatt Marshall at VentureBeat reports that Edgeio, whose novel online classified-ad business I first described in detail here, has gotten its first venture round, $5 million led by Intel Capital.

CEO Keith Teare, who originally sought to bypass the likes of craigslist and eBay, managed to get the cooperation of eBay and Amazon, which are sending their listings to Edgeio. Says Teare: “Our goal is to bring together all of the world’s marketplaces, to organize them vertically and geographically, and then to make this enormous inventory of catalogs available, through a single interface, to those who would like to take these listings and create new online marketplaces.”

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