Rapleaf, the e-commerce reputation manager, raises ~$1M to take on eBay

June 11, 2006 | Matt Marshall

Rapleaf, the service that wants to give eBay a run for its money by making peoples’ e-commerce reputations portable across the Web, finished raising its first round of funding last week.

The round, just south of a million dollars, was led by Peter Thiel, the former chief executive of PayPal, and an angel investor in companies like Facebook and LiveOps. Others include Eric Di Benedetto, former Google employee Aydin Senkut, the French Web 2.0 financier Jeff Clavier and Ron Conway.

Rapleaf is about a month old and has only three guys working for it (though it is looking to hire software engineers). It is focusing on making its product secure from fraud, and we’re told it will start a marketing push next month. It is run by Auren Hoffman, the Silicon Valley networker.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.