Childhood friends take Melbourne based technology company Global

Formerly known as The Exchange Group, Marketplacer’s core product is an e-commerce platform for online marketplaces that connects customers to a range opportunities to buy or rent various products. It promises to help wannabe Airbnb’s or Uber’s begin operating without having to build their own technology.

Jason, Sam and the their team have been working in marketplace businesses since 2007. The software is currently used for four marketplaces: bike owner and hirer marketplace Bike Exchange; House and Home for decorators and homeware producers; Tinitrader for parents and baby goods; as well as Outdoria, which connects campers to companies and individuals selling new and used camping equipment and caravans.

Recently, one of Australia’s highest profile small cap fund managers David Paradise has led a $10 million funding round for  Marketplacer, as it plans to take its software solution for online marketplaces to an international audience. Mr Paradice led the funding round along with Jayco founder and chief executive Gerry Ryan. The round leaves Marketplacer with a valuation of about $70 million.

Mr Paradice told Fairfax Media he invested in Marketplacer because the company had the “first mover” advantage in a highly competitive market.

The company will also look to add to its 110 staff strung across  Melbourne, Los Angeles, Germany and New Zealand. Mr Wyatt said they were working across the range of countries and companies to be part of the next major technology company success.

The Morrows team congratulates Jason and Sam on their success to date and looks forward to supporting their team as they take on the world.