Raleigh startup Hip eCommerce lands almost $1M from 9 investors

RALEIGH — Hip eCommerce has raised $982,097 in equity, according to a filing with the Securities and Exchange Commission this week.

Nine investors contributed to the fund. It’s estimated that around $150,000 may be used for executive compensation, the filing states.

Hip eCommerce

The Raleigh-based eCommerce company is a collectibles marketplace, connecting buyers and sellers through its three online centers, HipStamp, HipPostcard and HipComic.

Hip eCommerce is led by founder and CEO Mark Rosenberg, who also founded bidStart, another collectibles marketplace, in 2005, which was then sold to Stanley Gibbons.

Rosenberg then served as chief digital officer at Stanley Gibbons, before founding Hip eCommerce in August 2015.

Back in 2018, the company also raised $400,000 in equity.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

Raleigh startup Hip eCommerce lands $400,000 from 3 investors