A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – SECOND HAND GOODS
- Zhuan Zhuan, a P2P marketplace platform raised $200M from Tencent. Link
- Goat, a marketplace for sneakers raised $25M in funding led by Accel Partners. Link
- Youdemai, an online marketplace for used electronic products raised $17.4M in a Series B funding round. Link
- Liequ, an online marketplace for used goods raised $14M in a funding round led by HRX Asset. Link
- Chairish, an online marketplace for vintage furniture, art and decor products raised $8M in funding from Altos Ventures, OATV and Azure Capital Partners. Link
- Back Market, an online marketplace for refurbished electronic products raised $7.6M in funding from Daphni and Aglae Ventures of the Arnault Group. Link
- StockX, an online marketplace for sneakers connecting buyers and sellers through a “bid/ask” model raised $6M from investors such as Mark Wahlberg, Scooter Braun, Wale and other existing investors. Link
- Xupes, an online reseller of luxury fashion products raised $3.7M from Venture Capital Trust manager, Downing LLP. Link
- Kidizen, an online marketplace for kid’s products raised $3.2M in a funding round led by Origin Ventures. Link
- Open for Vintage, an online marketplace for vintage products raised $607.9k in funding from eDot Invest. Link
- Gibraltar SPAC has announced the acquisition of LXR, an online retailer of luxury vintage products for $82.5M. Link
SOME INTERESTING STARTUPS FOUND
Zadaa (2015, Helsinki, $270k) – Mobile-based clothing marketplace that connects people who share similar size and style preferences by using Big Data.
Bitrendy (2015, Barcelona, $16.6k) – Online platform allowing users to buy used clothes from influencers.
LEADER BOARD – SECOND HAND GOODS
Multi-Category
Listing Platform
58.com (2005, Beijing, IPO) – Online classified advertisements website serving local merchants and consumers in China. Went IPO in 2013.
Baixing (2005, Shanghai, IPO) – Online classified website that helps users to find and publish information related to second-hand goods trade and other local services. Listed on New Third Board in Mar 2016.
Quikr (2008, Bangalore, $369.5M) – Online classifieds portal to search, buy/sell/rent items and services. Backed by Investment AB Kinnevik, Tiger Global, Warburg Pincus, Nokia Growth Partners, NVP and more.
Ganji (2005, Beijing, $290M, Acq.) – Online Chinese domestic classifieds platform that hosts information on jobs, used cars, smartphones, etc. Backed by Sequoia Capital, Tiger Global, Nokia Growth Partners and more. Acquired by 58.com in 2015.
Avito (2007, Moscow, $168M, Acq.) – Online classified website for placement of free and paid advertisements about goods and services from individuals and businesses. Backed by Accel Partners, Naspers, Northzone, Kinnevik AB and more. Acquired by Naspers in 2015.
Olx (2006, NYC, $28.5M, Acq.) – Online classifieds platform that enables its users to post ads and share them on social networks. Backed by Nexus Venture Partners, Bessemer Venture Partners, Naspers and more. Naspers acquired a majority stake in OLX in 2010 which increased to 95% over time.
Craigslist (1995, SF, Undisclosed) – Online classified advertisements website for jobs, personals, wanted items, services, and discussion forums. Backed by eBay.
Listing Platform – Mobile Only
Letgo (2015, NYC, $375M) – P2P mobile listings platform. Backed by Naspers, Accel Partners, Insight Venture Partners, NEA and more.
OfferUp (2012, Seattle, $192M) – P2P mobile listings platform for household goods. Backed by Andreessen Horowitz, Tiger Global, T. Rowe Price, GGV Capital and more.
Commission-based Marketplace
Zhuan Zhuan (2015, Chaoyang, $200M) – P2P marketplace for second-hand goods. Backed by Tencent.
Enjoei (2009, Sao Paulo, $7M) – Marketplace for second-hand goods where people can buy and sell used/pre-owned goods. Backed by Monashees, Graph Ventures & BVP.
Commission-based Marketplace – Mobile Only
Mercari (2013, Tokyo, $114M) – Mobile marketplace to buy and sell clothing, electronics, household goods, and handmade items. Backed by World Innovation Lab, Global Brain, Globis Capital Partners, GMO Venture Partners, East Ventures and more.
Depop (2011, London, $18M) – Social shopping app to buy and sell items from a smartphone. Backed by Balderton Capital, Holtzbrinck Ventures, H-FARM Ventures, Ballpark Ventures and more.
Fashion
Vestiaire Collective (2009, Paris, $131M) – Online marketplace for buying and selling second-hand luxury fashion products. Backed by Eurazeo, Balderton Capital, Ventech, Idinvest Partners, Vitruvian Partners and more.
ThredUp (2009, SF, $127M) – Online consignment based platform for fashion items. Backed by GS, Highland Capital Partners, Redpoint Ventures, Trinity Ventures and more.
TheRealReal (2011, Tiburon, $123M) – Online full-service consignmen
Reebonz (2009, Singapore, $80M) – Membership-based online shopping site of new and pre-owned luxury fashion items. Backed by Intel Capital, GGV Capital, Infocomm Investments, Matrix Partners China and more.
Tradesy (2012, Santa Monica, $80M) – Online P2P marketplace to buy and sell clothing items. Backed by KPCB, Rincon Venture Partners, Red Swan Ventures, Daher Capital and more.
Poshmark (2011, Menlo Park, $65.5M) – Mobile P2P marketplace for fashion products. Backed by GGV Capital, Menlo Ventures, Inventus Capital Partners, and more.
Vinted (2008, Vilnius, $61M) – Online marketplace to buy, sell and swap used clothing items. Backed by Hubert Burda Media, Insight Venture Partners and Accel Partners.
Electronics
Aihuishou (2011, Shanghai, $128M) – Online marketplace for recycling and sale of second-hand electronic items. Backed by IFC, Morningside Group, Tiantu Capital, Morningside Ventures, Cathay Capital and more.
Gazelle (2006, Boston, $56M, Acq.) – E-commerce company that buys previously owned consumer electronics directly from consumers and resells them through a global network of retail and wholesale channels. Backed by Craton Equity Partners, Physic Ventures, RockPort Capital, Venrock, and more. Acquired by Outerwall in 2015.
GreenDust (2009, Delhi, $40M) -Online reverse logistics platform for sale of factory second and refurbished electronic products.Backed by Vertex Ventures, KPCB, Kae Capital and more.
Furniture
Chairish (2013, SF, $15M) – Online marketplace for pre-owned vintage home furnishings. Backed by OATV, Azure Capital Partners and Altos Ventures.
Zefo (2015, Bangalore, $7M) – Online marketplace for pre-owned furniture. Backed by Sequoia Capital, Helion Venture Partners & Beenext.
Baby & Kids
Swap (2008, Boston, $50M, Acq.) – Online consignment store for used baby, kids’ and women’s items. Backed by CleanTech Invest, eEquity and Safeguard Scientifics. Acquired by Netcycler in 2012.
Percentil (2012, Madrid, $6M) – Online consignment platform to buy and sell pre-owned kids clothes. Backed by Active Venture Partners & Seaya Ventures.
Collectibles
Reverb (2012, Chicago, $32M) – Online marketplace for vintage musical instruments. Backed by Summit Partners, Lightbank and FJ Labs.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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