Recurate's Resale Platform For Brands

Business Case

Last updated: Sep 26, 2022

Summary

Recurate is a resale tech platform founded in 2020 by CEO Adam Siegel and COO Wilson Griffin, enables brands and customers to participate in the circular economy by providing them with their e-commerce resale site.

Problem

The ever-changing trends have moved the fashion industry to forget about the environment leading to being the reason for pollution and creating waste.

Solution

Recurate a resale tech platform that enables brands and customers to participate in the circular economy by providing them with their e-commerce resale site.  

Its innovative idea makes it an easy resale experience, increasing brands’ sustainability, customer loyalty, and revenue, making a better planet.

Their service is not just limited to fashion, accessories, and footwear, but electronics, outdoor gear, and equipment branded companies as well.

Outcome

Recurate has secured $14 million in Series A funding. The funds will be used in brand integration, enhance data analytics capability and find solutions for brands to resell unsold inventory and product returns, along with exploring auctions and other upcycling opportunities.

Industries

Involved organisation(s)

Key elements of the circular economy

Contributors

Owner

Date added: Sep 26, 2022

Last updated: Sep 26, 2022

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