One Of New York's Hottest Startups Just Raised $40 Million

Etsy CEO Chad DickersonEtsy CEO Chad Dickerson

Photo: Etsy

Etsy, an online site for selling hand-made merchandise and art, just raised $40 million in its sixth round of funding, the New York Times reports.Investors include Index Ventures, Accel Partners and Union Square Ventures among others, according to the report.

CEO Chad Dickersen told the New York Times he plans to hire community managers and open offices in countries where Etsy can sell a lot of merchandise.

Australia and Canada are particularly interesting options, he told the New York Times.

Etsy has 875,000 people selling merchandise on the site and 15 million users worldwide, according to the report. 

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