Etsy.com takes $27 million investment and Jim Breyer joins the board »

Etsy.com have just accepted a $27 million investment. The funding comes in part from two existing Etsy investors, Union Square Ventures and Hubert Burda Media, and from an important new investor: Jim Breyer at Accel Partners.

Why does Etsy need investment?

Etsy is almost break-even, meaning the revenue pays all our bills, including the salaries and benefits of the fifty employees.

From Etsy’s blog here are are some specific reasons why they ahve raised more money: