Treet raised $10 million in a series A funding led by Two Sigma Ventures to democratize resale.

Mar 07, 2024•almost 2 years ago

Amount Raised

$10 Million

San FranciscoRetail

Investors

TechstarsBling CapitalFirst Round CapitalTwo Sigma Ventures

Description

Treet has secured $10 million in series A funding led by Two Sigma Ventures, with additional investment from existing investors First Round Capital, Bling Capital, and Techstars. The funding will be used to further democratize resale and expand the platform's capabilities.

Company Information

Company

Treet Co.

Location

49 LIBERTY STREET, APARTMENT 2

San Francisco, California, United States

About

Treet is a branded resale solution that helps brands drive revenue growth, increase LTV, and acquire customers while minimizing their carbon footprint. With Treet, brands can launch a tailored peer-to-peer or take-back resale experience in under a week. With resale on track to become a $77 billion dollar industry by 2025, brands should not sleep on the opportunity to own their secondhand markets and Treet makes it easy and painless to do so. Treet empowers resale for 120+ leading DTC brands, including Girlfriend Collective, Dôen, CUTS, ASRV, and Tentree. Find all of our brand partners on Treet.Shop.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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