Los Angeles-based HipSwap, the online, fashion focused marketplace which launched earlier in March, has revealed that it has raised $1.1M in a seed funding round from the Founders Fund and Greycroft Partners. The firm--which launched at SXSW--offers up a service which looks to help connect local buyers and sellers, combining a delivery service, mobile apps, and photo sharing in its online marketplace. HipSwap is headed by Rob Kramer. It's unclear when the funding was raised by the company. More information »