# Curtsy

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.curtsyapp.com
- Total disclosed funding: $13M
- Latest round: Series A (Jan 21, 2021)
- Investors on record: 7

## About

Curtsy is an online platform dedicated to the resale of second-hand clothing and accessories, focused on fostering sustainable fashion practices among consumers, particularly targeting Gen Z and millennial shoppers.Founded in 2015 and headquartered in San Francisco, US, Curtsy, Inc. operates a marketplace for users to buy and sell pre-owned fashion items. The company was co-founded by Clara Ault, David Oates, Eli Allen, and William Ault. Its latest funding round was a Series A on January 21, 2021, where it raised USD 11.1 mn led by Index Ventures, with participation from 1984 Ventures, Y Combinator, and FJ Labs. To date, Curtsy has completed a total of 4 deals, with a current valuation of USD 59.68 mn.Curtsy primarily operates as an online platform specializing in the resale of second-hand clothing and accessories, targeting a demographic that values sustainable fashion choices. Users can buy and sell a wide variety of items, including activewear, dresses, shoes, and accessories, all curated based on trending styles and consumer preferences. With features that allow users to crop photos of specific items, Curtsy enhances the search experience, making it easier for customers to locate desired products. The platform caters to environmentally conscious consumers across the United States, providing a mobile application that streamlines the buying and selling process.Curtsy generates revenue through transaction fees applied to sales made on its platform, where sellers retain a percentage of the sale price and the remainder is kept by Curtsy. This direct-to-consumer model facilitates transactions between individual sellers and buyers without the need for intermediary retailers. While specific pricing structures are not disclosed, Curtsy typically charges a commission on each sale, incentivizing user engagement and frequent transactions. The company's curated collections and focus on trending items contribute to a loyal customer base, driving consistent revenue streams from each transaction.In January 2021, Curtsy, Inc. raised USD 11 mn in Series A funding led by Index Ventures, aimed at supporting its growth initiatives. The company plans to enhance its platform with new features and tools for users, although specific product launches have not been disclosed. Additionally, Curtsy is strategizing to expand its reach into new geographic markets to better serve its target demographic, particularly aiming to increase its presence in regions with a high concentration of Gen Z and millennial consumers. The recent funding will be utilized to support these initiatives and reinforce the company’s operational framework.

## Funding rounds

- Series A, Jan 21, 2021, $11M — Index Ventures, Y Combinator, FJ Labs, 1984 Ventures
- Seed, Oct 31, 2019 — FJ Labs
- Seed, Aug 19, 2019, $0.1M — Y Combinator, 1984 Ventures, Unpopular Ventures
- Seed, Dec 1, 2016, $1.3M — CRV, SV Angel

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- 1984 Ventures (https://capitalatlas.ai/funds/1984-ventures) — Seed, Series A
- Unpopular Ventures (https://capitalatlas.ai/funds/unpopular-ventures) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A