# Thrift Plus

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

- Industry: Internet
- Headquarters: London, UK
- Website: www.thrift.plus
- Total disclosed funding: $0.7M
- Latest round: Seed (Mar 23, 2018)
- Investors on record: 1

## About

Thrift Plus is a pre-loved fashion marketplace that facilitates the sale and reselling of quality secondhand clothing, focusing on sustainability and affordability for environmentally conscious consumers.Thrift Plus, founded in 2017 and headquartered in London, UK, operates as a marketplace for secondhand fashion. The company was established by Joe Metcalfe, who has a background in creating online fashion solutions. In March 2018, Thrift Plus raised GBP 500 thousand in a Seed round led by Fuel Ventures, which valued the company at GBP 1.76 million post-money. With only one transaction recorded, the firm has strategically focused on building its platform for sustainable fashion.Thrift+ operates as a pre-loved fashion marketplace, specializing in the sale and reselling of quality secondhand clothing. The online platform offers a wide array of pre-owned garments, including men's and women's fashion items, all rigorously quality checked. Users can send in their pre-loved clothing for resale, promoting sustainability and reducing fashion waste, catering to both environmentally conscious consumers and brand-conscious buyers. Thrift+ primarily serves customers in the UK and is looking to expand into additional markets, targeting those interested in sustainable fashion.Thrift+ generates revenue through the sale of secondhand clothing on its platform, employing a commission model for transactions between sellers and buyers. The firm ensures quality checks and lists submitted items for consumer purchase, retaining a percentage of each sale. Revenue streams are enhanced by direct-to-consumer sales and potential partnerships with major brands to support sustainable fashion initiatives. The platform also incentivizes new user registrations with discounts, encouraging increased sales volume and repeat transactions within the secondhand apparel market.Following the Seed round in March 2018, Thrift Plus plans to utilize the GBP 500 thousand raised to enhance its marketplace functionality and expand its operations. The company is focused on designing new features and products to improve the user experience, with a goal of attracting more users and sellers. Thrift Plus aims to broaden its reach beyond the UK into other European markets by 2023, leveraging its recent funding to support these expansion efforts and further establish its presence in the sustainable fashion sector.

## Funding rounds

- Seed, Mar 23, 2018, $0.7M — Fuel Ventures

## Investors

- Fuel Ventures (https://capitalatlas.ai/funds/fuel-ventures) — Seed