Pet video marketplace raises $1.3 million for international expansion
Camlist wants to develop its platform and grow its workforce as it expands its reach in the UK.
Camlist allow users to list videos of the pets they wish to sell. After contact has been made, buyer and seller can interact through video and text-chat.
Although the marketplace is currently focused on pets, it is planning to diversify:
“Classifieds, or peer to peer commerce in general, has been stuck in the same old way of operation since eBay showed up. There has not been real significant innovation ever since; it’s just listings, maybe some images and phone numbers,” said Camlist co-founder and chief executive officer, Moustafa Mahmoud.
“But at Camlist we are changing that. We are turning the marketplace into a video experience because every pre-owned item has a story.”
Mahmoud said that they are building the safest way for anyone to find a pet by also ensuring verified health checks and interest free financing, in partnership with third parties, for those unable to make one-off payments. Camlist has rehomed over 6,000 pets to date.
“Our in-app GMV (Gross Merchandise Value) has been growing 100% every two quarters, so we’re doubling every quarter, and our total GMV is around $2 million a month,” said Mahmoud.
The company was founded in Dubai (UAE).
After gaining a foothold in the UK, Camlist plans to expand to the US.