4 years ago

Narchie Secures £475K Pre-Seed Funding to Launch Social Marketplace for Homeware

  • Narchie, a UK-based social marketplace app dedicated to homeware, raised £475K in Pre-Seed funding led by Episode 1 Ventures with participation from Simon Murdoch, Damien Lane and Adrian Lloyd

  • The company intends to use the funds to grow the product, engineering and community support teams

  • Led by Harriet Wetton, Narchie is set to launch at the end of the Summer with a waitlist of over 5,000 users

  • The app will enable users to create a shoppable profile that suits their individual aesthetic, listing items on a moodboard-style scrollable profile feed

  • The explore page will show items and posts based on what each user likes, highlighting posts from those with high engagement, and profiles similar to accounts they follow

  • Users can also search for specific items, sellers, styles and more, all in one place

  • To sell, upload and list items, the app will charge sellers a 10% fee on the total listing amount, including shipping costs.

      • ProblemConsumer Goods

      "consumers struggle to discover and purchase homeware that fits their individual aesthetic"

      Solution

      "Narchie allows users to create a shoppable profile that showcases their individual aesthetic, making it easy to discover and purchase homeware that fits their style"

      Covered on