Resale Company Recurate Raises $3.25 Million

La Ligne is one of Recurate’s newest partners. Courtesy.

The company will use the funds to fuel its expansion, after signing partnerships with brands including Mara Hoffman, Frye, La Ligne and Re/Done.

Recurate was launched in February of 2020 by former Gap Inc. executive Wilson Griffin and former Retail Industry Leaders Associations executive Adam Siegel. It helps brands integrate resale into their websites, allowing them to operate their own peer-to-peer marketplaces and offer users store credit or cash in exchange for sales. Similar to other resale sites, sellers upload photos and a description of the product, which is then verified by the company and listed on the site.

Interest in such services are growing, as resale gains traction. Gradient Ventures led the seed round.

Credit: Source link


Please enter your comment!
Please enter your name here





The Best Carry-On Luggage You Can Buy In 2021

Having a case fail to materialise on the carousel is one of the most nightmarish things that can happen to a traveller. However,...

Oribe’s New Lightening Mist Is the Modern-Day Sun-In

As a natural blonde—as a kid my hair was practically white—I didn’t dare touch Sun-In when it was all the rage because I...

Canadian apparel firm Lululemon reports Q1 FY21 revenue of $1.2 bn

Lululemon Athletica, a Canadian healthy lifestyle inspired athletic apparel company, reported 88 per cent revenue growth to $1.2 billion...

3 Steps to Get Rid of Acne, According to an Expert

Battling the occasional blemish can be brutal. But tackling recurring breakouts? Seemingly impossible. “Acne is one of the most common conditions of the...
en English