SidelineSwap, the online marketplace for new and used sporting goods, announced a strategic investment from eBay Ventures, the corporate venture arm of eBay, Inc., and follows an investment in November 2022 from DSG Ventures, the corporate venture arm of Dick’s Sporting Goods.
DSG Ventures, FJ Labs and several angel investors have also participated in the round.
SidelineSwap’s Trade-in Platform includes pop-up events, in-store and online trade-in options for brands and retailers and a suite of tools for resellers within the company’s community to power their trade-in experiences. The platform is powered by SidelineSwap’s marketplace technology and proprietary resale data.
Dawn Block, eBay’s VP of Collectibles, Electronics and Home, said, “eBay is a pioneer of recommerce— the reselling of pre-loved goods—and it’s been a foundational element of our marketplace since day one. eBay Ventures’ investment in SidelineSwap represents our continued focus on circular economy and resale innovation and our shared commitment to sustainability, affordability and best-in-class experiences for enthusiast buyers and sellers.”
Brendan Candon, co-founder and CEO of SidelineSwap, said, “We’re excited about the eBay Ventures investment as it will help us to further shape the future of resale. Our team has long admired eBay as the pioneer in recommerce, and we are looking forward to working together to ensure sporting goods customers find the best selection of gear at the best prices.”
