Listia is a free online marketplace and mobile app for trading goods between individuals using a PTS system and/or money.
[1] In October 2009, Listia received $400,000 in funding from Implistic Capital in an angel round with Adam Pearsall joining the board of directors.
[7][8] Led by General Catalyst, they raised $9 million in Series A funding in October 2013 to be used on developing their mobile apps.
Users may also gain credits by leaving feedback, completing offers on the site, participating in promotions, and general courtesies.
The company violated the Fair Labor Standards Act's overtime, minimum wage, and record-keeping provisions.