# Thrift by Humble

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thrift-by-humble

- Industry: Retail
- Headquarters: Makati City, Philippines
- Website: www.thriftbyhumble.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Nov 9, 2022)
- Investors on record: 2

## About

Founded in 2021 by Josef Werker (CEO) and Niña Opida (COO), and based in Makati, Philippines, Thrift by Humble offers a circular economy platform where clothes, shoes, and other fashion accessories, electronics, and other items of various brands are resold at a cheaper price. In November 2022, Thrift by Humble raised USD 750,000 in seed funding led by new investor SeedStars, with participation from another new investor iSeed Ventures.

The firm brings companies’ excess inventory, returned items, from e-commerce, logistics, and retail companies back into circulation through its technology services to help reduce overproduction and thus save the environment from the exploitation of resources. The firm’s circular economy sells automotive parts and accessories, clothing, accessories, furniture, pet products, electronics, gadgets and various other items on its website. 

The company intends to use the November 2022 funding to hire new talents on its team and for the expansion of its business reach.

## Funding rounds

- Seed, Nov 9, 2022, $0.8M — iSeed Ventures, Seedstars

## Investors

- iSeed Ventures (https://capitalatlas.ai/funds/iseed-ventures) — Seed
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed