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Kalt said, “When we started, musicians were getting 50¢ on the dollar when they sold something and paying 100¢ on the dollar when they bought something. Reverb charges a commission fee to the seller and a small percent for credit card processing. It is our goal to unlock further value in what is already a strong and vibrant business with key competitive differentiation.' We see significant potential in the Reverb marketplace and look forward to supporting them as they enable more and more music lovers around the world to buy, sell, connect, and learn. Josh Silverman, Chief Executive Officer of Etsy, commented, 'We are excited to officially welcome Reverb's employees and the entire Reverb community to Etsy. On August 15, 2019, Etsy completed the acquisition of for $275 million in cash, subject to certain adjustments with respect to cash, working capital, transaction expenses, and the value of equity awards granted in connection with the transaction. As of 2017, the company has additional team members in Germany and Japan. Within a year of its expansion into Europe, the company grew its users in the region by 700 percent and its sales in the region by 300 percent. In the same month, the company launched its mobile app outside of North America. In August 2016, Reverb hired its first on-the-ground employees in the UK, France, and Australia. As of December 2017, the company anticipated closing out the year with close to $400 million in sales.

18 on the Inc 5000 list of fastest-growing private companies, with 12,327 percent three-year growth (2013–2016.) In 2016, the company generated $16 million in revenue and supported $240 million in sales of new and used gear through its platform. Including seed funding, the latest round brings Reverb's total funding to $47 million. I’m excited to support not only a successful marketplace-as that business model has proven itself powerful-but a company that’s uplifting an entire industry.” In August 2017, the company announced another $15 million in funding from 65 investors, including PayPal co-founder Max Levchin, Silicon Valley investor Roger McNamee, former Twitter COO Adam Bain, and Jon Oringer, CEO of Shutterstock, who said, “As a regular user of, I am witnessing first-hand the positive impact that the company is having on musicians and the way instruments are bought and sold. The company raised another $4.2 million in January 2015 before announcing an additional $25 million led by global growth equity investor Summit Partners in December of the same year.

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In November 2013, Reverb secured $2.3 million in funding from investors including Cheap Trick's Rick Nielsen, Lightbank co-founders Brad Keywell and Eric Lefkofsky, David Lowery of Cracker and Camper van Beethoven, Silicon Valley entrepreneur Eric Ries, and country music star Brad Paisley. In August 2019, was acquired by Etsy for $275 million. In late 2017, it launched Reverb LP, an online marketplace for LPs and other physical music and the Reverb Foundation, with non-profit supporting programs and initiatives to increase access to music education, gear, and playing opportunities.

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It offers iPhone and Android apps that include the site's main features, and as of 2017 has on-the-ground support in the UK, The Netherlands, Australia, Germany, France and Japan. To help users determine market values for instruments, has a price guide of real-time transactional data. It has about half a million listings of music-related gear. It has also sold gear from popular artists such as Maroon 5, Wilco, Green Day, Billy Corgan and Ray Lamontagne.

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It allows anyone to create free listings for musical instruments and other related equipment. It has grown into a multimillion-dollar business with more than 10 million monthly visitors and $47 million in funding. It was founded in 2013 by David Kalt, shortly after he purchased the musical instrument store Chicago Music Exchange and became frustrated with then-available options for buying and selling guitars online.