Secondhand start-up Gently raises $2 million in pre-seed funding

YarnsandFibers News Bureau 2022-09-29 09:04:00 – USA

US-based start-up, Gently, has revealed that it has acquired $2 million in a pre-seed round of funding to expand its secondhand marketplace.

The company stated in a press release that it wants to become the "Amazon of secondhand" by enabling consumers to shop from many resale sites in one location.

Customers can use the platform to search, filter, and receive alerts from websites such as Poshmark, Depop, and Ebay.

Samuel Spitz, the CEO and co-founder of the product, said that he wasted hours browsing across all these different secondhand sites and digging through irrelevant results. They want to make buying used items as simple as doing so on Amazon.

Currently, Gently has worked with websites like ThredUp, Vestiaire Collective, Rebag, StockX, and TheLuxuryCloset, from which it receives a share of the sales it has sparked.

By 2024, the company, which presently serves 10,000 daily users, wants to have one million customers.

Spitz stated that he intends to broaden his business over the following few years to include other industries, such as furniture, as well as implement machine learning to improve the search experience.

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