FloorFound
Latest round
- Series A
Last raised
- May 2022
Total raised
- $15M
Investors
- 6
About FloorFound
Based in the US, FloorFound, Inc.Founded in 2020 and headquartered in Austin, Texas, FloorFound, Inc. specializes in managing oversized retail returns.FloorFound’s core offering, RecoverAI, is an AI-powered platform designed to optimize the recovery of oversized returns and closeouts for retailers. By leveraging artificial intelligence and a local resale model, RecoverAI streamlines the returns process, predicting revenue recovery and facilitating same-day pickup of returned items. The platform intelligently routes these items to a network of direct-to-consumer resellers, allowing retailers to reclaim lost revenue and actively participate in the circular economy. Targeting the furniture retail sector, FloorFound serves a diverse client base including retailers dealing with oversized products and resellers who benefit from acquiring returned or excess inventory.FloorFound generates revenue through a transaction-based model, allowing retailers to maximize their recovery from returned items while minimizing waste. Upon a return request being placed on the RecoverAI platform, retailers engage in a partnership that includes logistics and resale. The revenue structure involves a fee-based model linked to the sale of returned items, where retailers receive payouts once their items are sold through the reseller network.In May 2022, FloorFound, Inc.S. and venture into additional retail verticals, specifically targeting appliances, mattresses, and exercise equipment.
Who invested in FloorFound
6 investors across 3 rounds
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Questions about FloorFound
Who invested in FloorFound?
FloorFound has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FloorFound raised?
FloorFound has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did FloorFound last raise money?
FloorFound's most recent round on record is a Series A, in May 2022.
What does FloorFound do?
Based in the US, FloorFound, Inc.
Where is FloorFound headquartered?
FloorFound is headquartered in Austin, US.
Which VCs invest in companies like FloorFound?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at FloorFound's stage. Their profiles are linked below.
VCs backing consumer products startups at Series A
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