# Recl

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

- Industry: Retail
- Headquarters: Namyangju, South Korea
- Website: www.recl.co.kr
- Latest round: Series A (Apr 25, 2024)
- Investors on record: 4

## About

Founded in 2021 and based in Guri-si, South Korea, Recl Corp. is a used clothing collection and resell service platform operator company. In January 2022, Recl Corp. raised venture funding from TheVentures.

The company provides a non-face-to-face mobile collection service that collects used clothes into a collection box and pays the customer a reward compensation based on the weight of old clothes collected. The clothes are sorted into basic and premium purchases. The basic purchases items of clothing are priced at KRW 300 per kg and the premium purchases are priced between KRW 500 and KRW 20,000 per pair.

## Funding rounds

- Series A, Apr 25, 2024 — Smilegate Investment, Big Basin Capital, SEMA Translink Investment, Taurus Partners

## Investors

- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Big Basin Capital (https://capitalatlas.ai/funds/big-basin-capital) — Series A
- SEMA Translink Investment — Series A
- Taurus Partners (https://capitalatlas.ai/funds/taurus-partners) — Series A