Treet, with $2.8 million in seed funding, gets brand names involved in the resale market

by RJ Shara | May 26, 2021 | Fundings and Exit, Startups

Treet, a company rethinking the resale retail market, announced the close of a $2.8 million seed round today. The financing comes from Bling Capital, Matchstick Ventures, Techstars, BABM Ventures, BBG Ventures, Green Meadow, Interlace Ventures, V1.VC, and Alante Capital. Despite the truth that offering old clothes is the most sustainable, and a lot of economically useful method […] Treet’s technique to streamlining its market and decreasing customer friction is to go through brands. Essentially, Treet assists brand names set up their own resale sites where buyers and sellers can note and find items. Brands are best placed to understand who has their products, and can send out e-mails and messaging motivating resale through Treet. If they choose money, a ten percent cut goes to the brand and a 10 percent cut goes to Treet. The funding comes from Bling Capital, Matchstick Ventures, Techstars, BABM Ventures, BBG Ventures, Green Meadow, Interlace Ventures, V1.VC, and Alante Capital….