# Prêt à Changer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pret-a-changer

- Industry: Consumer Products
- Headquarters: Nimes, France
- Website: www.pretachanger.fr
- Total disclosed funding: $1.2M
- Latest round: Series A (Jan 11, 2017)
- Investors on record: 2

## About

Prêt à Changer is a French company specializing in the acquisition and resale of second-hand luxury clothing, shoes, and bags, offering a streamlined process for users to monetize their unused fashion items.Established in 2011 and headquartered in Nîmes, France, Prêt à Changer focuses on the second-hand luxury fashion market, facilitating transactions for consumers selling their pre-owned items. In May 2023, the company secured EUR 125,999.10 in funding from VERTEX Investments, marking its most recent financial activity. The firm has completed five deals to date.Prêt à Changer specializes in the acquisition and resale of second-hand clothing, shoes, and bags, providing a streamlined solution for individuals looking to monetize their unused fashion items. The company's core offerings include a cash buyback service where customers can receive immediate payment for their items, with the process involving online estimation of garment value based on various criteria such as brand, type, and condition. Customers send their items using pre-paid shipping labels provided by the company, and payments are processed within 15 days of receipt after quality checks. Geographically, Prêt à Changer primarily serves the French market, catering to environmentally conscious consumers looking to reduce waste and participate in the growing trend of sustainable fashion. By focusing on high-quality second-hand luxury items, the company positions itself as a pioneer in the luxury second-hand market since its inception in 2011.Prêt à Changer employs a transaction-based revenue model derived from the direct purchase of garments from consumers. The company facilitates transactions where individuals sell their pre-owned items, and upon quality assessment, receive cash payments, which constitutes a significant portion of the revenue stream. The pricing structure is transparent, with pre-established buyback values disclosed on the website prior to shipping, ensuring customers are aware of the potential returns before parting with their items. Additionally, the firm may generate revenue through sales of the acquired items to end consumers at competitive prices, positioning itself as a go-to platform for high-quality second-hand luxury fashion. Overall, the transactional framework underscores a direct-to-consumer model, solidifying Prêt à Changer's role in the circular economy of fashion.With the recent funding secured in May 2023, Prêt à Changer plans to enhance its operational capabilities and expand its reach within the French market. The firm is in the process of developing new product offerings tailored to meet consumer demands for sustainable luxury fashion. Specific timelines for these new launches have not been disclosed. Additionally, the company is exploring opportunities to penetrate other European markets, aiming for expansion by the end of 2024. The recent funding will support these initiatives, allowing Prêt à Changer to further capitalize on the growing interest in sustainable fashion.

## Funding rounds

- Series A, Jan 11, 2017, $0.2M — XAnge, 50 Partners
- Series A, Mar 14, 2014, $0.8M — XAnge
- Seed, Jan 18, 2013, $0.2M — 50 Partners

## Investors

- 50 Partners (https://capitalatlas.ai/funds/50-partners) — Seed, Series A
- XAnge (https://capitalatlas.ai/funds/xange) — Series A