Second-hand fashion startup Gently raises $2 million in funds
Gently announced on Monday it has successfully raised $2 million, in a pre-seed funding round composed of more than 20 angel investors and venture capitalists.
The investor pool included Jason Calacanis’ Launch, Austen Allred (Bloom Tech), Jon Oringer (Shutterstock), and Peter Rahal (RXBar), as well as venture capitalists, Dorm Room Fund and V1VC.
Dubbed the ‘AmazonPoshmark
The platform is a free service for shoppers, with Gently taking a small cut of the sales generated on its marketplace, from its partner platforms. Today, Gently counts Ebay, ThredUp, Vestiaire Collective
“I wasted hours searching across all these different secondhand
“We want to make secondhand shopping as easy as shopping on Amazon,” Spitz added.
Gently soon garnered thousands of users in its first two months of operation, which lead to its most recent cash injection by investors.
The platform today boasts 10,000 users and plans to grow to and to 1 million shoppers by 2024. Over the next few years, the company also hopes to expand from fashion to other categories like furniture, and use machine learning to improve the search experience.
The second-hand fashion market grew 32% in 2021, according to ThredUp.
