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The startup, which helps brands set up peer-to-peer resale marketplaces, announced a $2.8 million funding round Wednesday. Investors include Bling Capital, Matchstick Ventures, BAM Ventures, among others.
So far, Treet’s clients include denim brand Boyish and women’s apparel label Aday.
Rather than integrating a resale marketplace onto a brand’s existing e-commerce platform, Treet operates its own independent resale backend that streamlines all operations and customer service back to Treet so the brand client doesn’t have to be overwhelmed by resale-related support issues, according to co-founder and chief executive Jake Disraeli.
“It’s a separate site experience and because of that, brands can adopt Treet a little bit faster,” he said.
Treet, founded in January 2021, joins a growing field of resale B2B services currently courting brands, including Trove, ThredUp and fellow newcomers Archive, Recurate and the Archivist.
The Future of Fashion Resale Report — BoF Insights
BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy. To explore the full report click here.
The Future of Fashion Resale is the first in-depth analysis to be published by the BoF Insights Lab, a new data and analysis unit at The Business of Fashion providing business leaders with proprietary and data-driven research to navigate the fast-changing global fashion industry.
