What’s old is new again. We look for companies that are creating platforms that provide novel approaches to secondary markets.
Resale has grown 21x times faster than the retail apparel market over the past 3 years, primarily driven by millennials and Gen Z.
A Broad range of consumers are adopting secondhand goods. We believe the economic implications of Covid-19, as well as a growing consumer focus on buying in more sustainable ways, will accelerate consumer trial and penetration of ‘new to me’ goods.
We value platforms that facilitate the exchange of secondhand consumer goods and the startups that power brands and communities in secondary market transactions including B2B enablers such as: collection, take-back, cleaning, sorting, logistics, etc.