Etsy has continued to grow uninterrupted in 2012. The revenues generated by the merchant members in December exceeded $100 million for a second time and climbed 73% to a new record value of $117.8 million. This brings the total revenue volume to $895 million for the year.
A direct comparison to the preceeding year is difficult, since in 2012 Etsy started to use net revenue calculations (after cancellations and returns). In 2011 the gross revenues were $538 million. The growth in 2012 could very well be over 70%.
In 2012, Etsy received $40 million of capital investment from Burda and other investors.
- Etsy Raises Merchant Revenues to $538 Million in 2011 (+71%)
- The Etsy Way: Behind the Scenes
- Etsy Tech Talk: Moving Fast At Scale