Trove Recommerce
Latest round
- Series E
Last raised
- Jul 2023
Total raised
- $153M
Investors
- 18
About Trove Recommerce
Trove Recommerce, Inc.Founded in 2012 and headquartered in Brisbane, US, Trove Recommerce, Inc. offers a unique platform for retail brands to participate in the circular economy through effective resale strategies.99 mn.Trove specializes in providing comprehensive recommerce solutions aimed at integrating sustainability within the retail landscape. Their core offerings include a configurable platform that enables brands to implement resale programs effectively, enhancing brand sustainability while driving profitability. The service is designed for scalability, catering to various brands across North America, the UK, and Europe. Trove's solution encompasses digital and in-store trade-in options, resale logistics through their proprietary Recommerce Warehouse Management System (WMS), and pricing optimization tools.Trove's revenue model is structured around partnerships with retail brands, facilitating a B2B relationship where brands leverage Trove's platform for their resale operations. Transactions typically occur as brands integrate Trove's services to manage their resale items, with Trove providing the necessary tools for logistics, inventory management, and pricing intelligence. Through this framework, brands can tap into existing inventories and initiate trade-in programs, ultimately enhancing their sustainability efforts while generating additional revenue streams. Pricing plans are customized based on the offerings and scale of the brands involved, ensuring a tailored approach to each partnership.Trove Recommerce, Inc.34 mn to enhance its platform and expand its market presence. The company is focusing on launching new features and tools aimed at improving the resale experience by mid-2024. Additionally, Trove is exploring opportunities to enter new geographic markets, particularly targeting the Asia-Pacific region by the end of 2025. The recent investment will support these initiatives, allowing Trove to strengthen its infrastructure and develop innovative solutions for retail partners.
Who invested in Trove Recommerce
18 investors across 7 rounds
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Funding rounds
Series E
Jul 28, 2023
Amount
$29M
Investors
Series D
Aug 25, 2021
Amount
$79M
Investors
Series C
Sep 26, 2019
Amount
$22M
Investors
Series B
Mar 24, 2016
Amount
$13M
Investors
Series A
Mar 25, 2015
Amount
$3M
Investors
Series A
Apr 8, 2014
Amount
$6.7M
Investors
Seed
Aug 27, 2013
Amount
$0.5M
Investors
Questions about Trove Recommerce
Who invested in Trove Recommerce?
Trove Recommerce has 18 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Trove Recommerce raised?
Trove Recommerce has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did Trove Recommerce last raise money?
Trove Recommerce's most recent round on record is a Series E, in Jul 2023.
What does Trove Recommerce do?
Trove Recommerce is a internet company.
Where is Trove Recommerce headquartered?
Trove Recommerce is headquartered in Brisbane, US.
Which VCs invest in companies like Trove Recommerce?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Trove Recommerce's stage. Their profiles are linked below.
VCs backing internet startups at Series E
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