4 years ago
Reflaunt Raises $2.7M to Drive Circular Fashion Revolution
UK-based Reflaunt, a Resale-as-a-Service (RaaS) technology company, has secured $2.7 million in pre-Series A funding led by MadaLuxe Group, with participation from multiple investors
The company plans to use the funds to add talent to its technology and business development teams.
ProblemTechnology
"Fashion brands are struggling to keep up with the growing demand for sustainable and circular practices, making it difficult for them to offer their customers a seamless resale or recycling experience. This leads to lost revenue and a negative impact on the environment."
Solution
"Reflaunt provides a Resale-as-a-Service (RaaS) platform that allows fashion brands to easily integrate resale and recycling options into their e-commerce platforms. This gives customers a convenient way to resell or recycle their past purchases, while providing brands with valuable data on resale performance and increased customer retention."
