Andreessen Horowitz Leads $1.75M Round In Freebie Marketplace Listia

Listia, a marketplace for free stuff, has raised $1.75 million in funding from an impressive roster of investors and angels. The round was led by Andreessen Horowitz with participation from SV Angel, Founder Collective, High Line Venture Partners, Max Levchin, Naval Ravikant, Alex Zubillaga, James Hong and others. Listia previously raised $400K in angel funding. Y Combinator-incubated Listia offers auctions where people use free points to bid on items other users are giving away for free. You can earn these points by interacting on the site (and giving away free stuff of your own), or you can buy some points yourself. The system ensures that the person who gets the item being given away actually wants it.

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