# Encore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/encore-3

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.shopencore.ai
- Latest round: Seed (Nov 22, 2024)
- Investors on record: 2

## About

Encore, founded in 2024, is an online platform that facilitates the search and discovery of pre-owned items. The company was established in San Francisco, US, and in December 2024, Encore raised an amount in venture funding from new investor DG Daiwa Ventures.

Encore specializes in the resale of secondhand goods, offering a platform that allows users to search and discover a wide range of pre-owned items. Their core product is an online marketplace that connects sellers of secondhand items with consumers looking for affordable and sustainable shopping options. The platform emphasizes a user-friendly experience, enabling customers to easily navigate through various categories and discover trending items. The primary end users of Encore include budget-conscious consumers, environmentally-conscious shoppers, and those seeking unique or vintage products. Encore operates in multiple geographical markets, specifically targeting urban areas in the United States, where there is a higher demand for secondhand goods due to changing consumer preferences and increased interest in sustainability.

Encore generates revenue through a commission-based model, where the company earns a percentage from each transaction facilitated via its platform. This model supports a diverse range of products, including clothing, electronics, and home goods, appealing to both B2C and C2C transactions. 

The company plans to utilize this funding to enhance its platform with new features to improve user experience and to expand its operations into additional urban markets across the United States. Targeted regions for expansion include New York City and Chicago, with plans to execute this strategy by the end of 2025.

## Funding rounds

- Seed, Nov 22, 2024 — DG Daiwa Ventures, Pioneer Fund

## Investors

- DG Daiwa Ventures (https://capitalatlas.ai/funds/dg-daiwa-ventures) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed