# Twice

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.liketwice.com
- Total disclosed funding: $23M
- Latest round: Series B (Jan 16, 2014)
- Investors on record: 9

## About

Twice is an online marketplace facilitating the buying and selling of various products, particularly focused on fashion and clothing items. It enables users to easily engage in transactions through a user-friendly platform.Founded in 2012 in San Francisco, US, Twice operates as an online resale platform, specializing in second-hand clothing. The company was acquired by eBay in July 2015. Co-founders Dan Raines and Erick Goss have experience in technology and e-commerce, and Erick Goss currently serves as the CEO. Since its inception, Twice has raised USD 18.50 mn in funding, including a recent Series B round led by Andreessen Horowitz.Twice offers a platform for users to buy and sell second-hand clothing and accessories, focusing on high-quality fashion items. It caters to individual consumers looking for sustainable clothing options. The platform enhances the shopping experience with features like curated selections and user-friendly listings, ensuring a seamless transaction process for both buyers and sellers.Twice generates revenue through commission fees on sales made through its platform. This model aligns with both consumer-to-consumer (C2C) and business-to-consumer (B2C) transactions, where the company collects a percentage of the sale price once items are sold. The diverse range of products and pricing structures helps maximize revenue potential.Looking ahead, Twice aims to enhance its platform with new features and expand its offerings to include additional product categories by late 2024. The recent funding from the Series B round will aid in advancing technology upgrades and marketing efforts to attract a broader customer base. The company plans to target increased market presence in North America and explore entry into European markets by 2025.

## Funding rounds

- Series B, Jan 16, 2014, $19M — Western Technology Investment, Andreessen Horowitz, Felicis Ventures, IA Ventures, Lerer Hippeau Ventures
- Series A, Aug 21, 2012, $4.7M — Felicis Ventures, IA Ventures, SV Angel, High Line Venture Partners, Lerer Hippeau Ventures, Tuesday Capital, Great Oaks Venture Capital

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B
- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- High Line Venture Partners (https://capitalatlas.ai/funds/high-line-venture-partners) — Series A
- Lerer Hippeau Ventures — Series A, Series B
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Series A
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B