Swaptree Gets New CEO, Funding

5/24/10

Swaptree, a Boston-based website enabling users to trade used books, DVDs, CDs, and video games, announced today that it has hired Jeff Bennett as its CEO, and said it has completed a $6 million round of funding. Bennett comes from NameMedia, a domain name marketplace, where he served as founder, president, and chief operating officer.  Swaptree’s newest funding round, led by Safeguard Scientifics, will go to new hires and marketing, and brings the company’s total capital raised to $11.95 million.  We wrote about the first $4.8 million of the round that the company pulled in during March.

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