Wethenew
Latest round
- Series B
Last raised
- May 2023
Total raised
- $30M
Investors
- 5
About Wethenew
Founded in 2018 in Paris, France, Wethenew operates as a dedicated marketplace for authenticated second-hand fashion. The company has successfully completed four investment deals, with the most recent transaction occurring on May 10, 2023. The founders, David M.Wethenew specializes in the buying, selling, and trading of authenticated second-hand streetwear and sneakers, emphasizing sustainability and circular fashion. The company operates a robust online marketplace that connects sellers with customers seeking premium pre-owned fashion items. Each item is subjected to rigorous authenticity checks before being listed, ensuring quality. Their offerings target major urban centers in Europe and North America, catering to fashion-conscious consumers interested in unique styles and environmentally responsible purchases.Revenue at Wethenew is generated mainly through transaction fees on sales made via their platform. Sellers list their items, and upon successful sales, Wethenew retains a portion of the sale price as commission. This model promotes ease of use for both buyers and sellers, fostering a vibrant community around high-demand fashion products. Transaction fees vary based on the item's value, with flagship items likely commanding higher prices due to their popularity among consumers. Specific details on upcoming product launches or geographic expansions have not been disclosed, but the focus will be on broadening their market reach by targeting new areas in the fashion industry.
Who invested in Wethenew
5 investors across 3 rounds
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Questions about Wethenew
Who invested in Wethenew?
Wethenew has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Wethenew raised?
Wethenew has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Wethenew last raise money?
Wethenew's most recent round on record is a Series B, in May 2023.
What does Wethenew do?
Founded in 2018 in Paris, France, Wethenew operates as a dedicated marketplace for authenticated second-hand fashion.
Where is Wethenew headquartered?
Wethenew is headquartered in Paris, France.
Which VCs invest in companies like Wethenew?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back consumer products companies at Wethenew's stage. Their profiles are linked below.
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