# Creoate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/creoate

- Industry: Retail
- Headquarters: London, UK
- Website: www.creoate.com
- Total disclosed funding: $4.9M
- Latest round: Seed (Aug 3, 2021)
- Investors on record: 1

## About

Creoate Limited, based in the UK, functions as an online wholesale marketplace connecting independent retailers with unique products from a variety of vendors, enhancing inventory flexibility and selection.Founded in 2020 and headquartered in London, UK, Creoate Limited operates an online wholesale marketplace that connects independent retailers with over 6,500 vendors. The company raised GBP 3.5 million in Seed funding on August 3, 2021, led by Fuel Ventures, to enhance its platform and expand its market presence. Founders Ashley H and Fahad Khan have previous entrepreneurial experience, contributing to the company's strategic direction.Creoate operates as an online wholesale marketplace specifically designed for independent retailers and brands. The platform enables users to discover and source unique wholesale products from over 6,500 independent vendors, focusing on diverse categories such as homeware, fashion accessories, jewellery, stationery, gifts, food and beverages, and products for children and babies. This offering allows retailers to test products with no minimum order requirements, thereby addressing the need for flexibility in inventory management and product selection. Creoate serves a global client base, facilitating connections between vendors and retailers across various international markets, including the United Kingdom, United States, and Europe.Creoate generates revenue through a transaction-based model that connects retailers with independent brands in a B2B environment. When retailers make purchases through the platform, they benefit from features such as free global shipping on orders over GBP 300 and a Price Match Promise that guarantees the lowest prices available. The company also offers risk-free returns on unsold stock, allowing retailers to return unsold products within 60 days. This structure fosters a seamless purchasing experience for clients, enabling them to optimize their inventory management while minimizing financial risks. The pricing plans are tailored to the different brands featured on the platform, with minimum order values set for various vendors, which further supports a structured approach to inventory acquisition for retailers.In August 2021, Creoate Limited raised GBP 3.5 million in Seed funding to enhance its market presence and develop advanced tools and analytics for its platform. The company plans to expand its operations in Europe and grow its go-to-market teams to better serve independent retailers. The funding will be instrumental in accelerating business partnerships and expanding into new geographic markets.

## Funding rounds

- Seed, Aug 3, 2021, $4.9M — Fuel Ventures

## Investors

- Fuel Ventures (https://capitalatlas.ai/funds/fuel-ventures) — Seed