Storenvy is an e-commerce platform. It is both an online store builder and a social marketplace. Currently there are 90,000 merchants that list a variety of products. Storenvy launched in 2012, and the sale of products, including apparel, jewelry, art, and home décor, is over $50 million dollars. Services Custom stores Storenvy first launched as an online store builder in 2010. The platform allows store owners, makers, and artists to open an online store for free and customize it. Storenvy marketplace When merchants open a store on Storenvy, their products are also featured on the Storenvy marketplace, combining the aspects of a store builder and a marketplace. Pricing Storenvy generates revenue through both subscription revenue and on commission fees from sales. This revenue directly funnels the marketing services the company provides to drive additional traffic to store owners. History In 2010, the store builder that would become known as Storenvy was launched. In early 2011, the company raised a seed round of $1.53 million. In late 2012, the Storenvy Marketplace launched with over 35,000 brands. Shortly thereafter, the company raised a Series A round, bringing total funding to over $6.5 million. In Spring 2016, Storenvy was purchased by The Opensky Project . Storenvy was later sold with other business assets to MoreCommerce Inc, an Alibaba Group subsidiary. References External links American companies established in 2010 Online marketplaces of the United States 2010 establishments in California