OLX, an attempt to create a network of Craigslist-like sites around the world, has raised a $13.5 million B round from General Catalyst, Bessemer Venture Partners, Founders Fund and DN Capital; last fall the company raised a $10 million A round.
We thought long and hard about whether we should raise more cash. In the end, in light of our ambitions and the insurance it buys in a probable economic downturn, we felt that raising more cash was the best solution despite the incremental dilution and liquidation preference.
Business Insider Emails & Alerts
Site highlights each day to your inbox.