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Trove solidifies industry standing by acquiring Recurate to expand resale technology

PRIVATEAug 13, 2024

Acquiring Company

Trove

Acquired Company

Recurate, Inc.

BrisbaneWashingtonOtherSoftwareInformation TechnologySoftwareCommerce And ShoppingInternet ServicesSales And Marketing

Description

Trove, a leader in branded resale and customer trade-in, has further solidified its industry standing by acquiring Recurate, a significant player in the branded resale market. This acquisition underscores Trove's commitment to making branded resale more accessible and easier to launch and scale for brands. By integrating Trove’s market-leading resale capabilities with Recurate’s peer-to-peer expertise and operational network, this merger creates a one-stop shop for brands to tailor, launch, and scale profitable resale programs that best suit their needs.

Quick answer

Trove is acquiring Recurate, Inc., announced August 13, 2024. Trove is based in Brisbane, California, United States.

Who acquired Recurate, Inc?
Trove agreed to acquire Recurate, Inc. on August 13, 2024.
How much did Trove pay for Recurate, Inc?
The deal value was not disclosed.
What does Trove do?
Trove is the market leader in branded resale and trade-in for world-class brands and retailers such as Canada Goose, lululemon, Patagonia, REI, Levi’s, Arc’teryx, Allbirds, and more.
Where are Trove and Recurate, Inc. based?
Trove is based in Brisbane, California, United States. Recurate, Inc. is based in Washington, District Of Columbia, United States.
Who are the decision-makers at Trove?
Fundz holds 1 contact at Trove. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Commerce And Shopping and Internet Services

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Company Information

Company

Trove

Location

240 VALLEY DRIVE

Brisbane, California, United States

About

Trove is the market leader in branded resale and trade-in for world-class brands and retailers such as Canada Goose, lululemon, Patagonia, REI, Levi’s, Arc’teryx, Allbirds, and more. Through its proprietary Recommerce Operating System, Trove is accelerating the shift toward more sustainable business models, foundational for circularity. Over the last decade, Trove has equipped leading brands with technology and operations to create and scale branded resale programs by enabling customer trade-in of items, single-SKU identification and condition grading, site build and maintenance, and customer data collection, analytics and reporting.

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Frequently asked

Who acquired Recurate, Inc.?

Recurate, Inc. was acquired by Trove, based in Brisbane. The deal was reported on August 13, 2024. Trove is the market leader in branded resale and trade-in for world-class brands and retailers such as Canada Goose, lululemon, Patagonia, REI, Levi’s, Arc’teryx, Allbirds, and more. Trove is privately held and operates in Other.

When did Trove acquire Recurate, Inc.?

Trove's acquisition of Recurate, Inc. was reported on August 13, 2024. Trove, a leader in branded resale and customer trade-in, has further solidified its industry standing by acquiring Recurate, a significant player in the branded resale market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Recurate, Inc. do?

Founded in 2020, Recurate, Inc. is a leading circular economy technology company that offers brands an ecommerce solution to capture their secondhand sales. It is privately held, operating in Information Technology, and is based in Washington.

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