Total amount raised
$16.4 Millions
Latest funding date
03/01/2024
Location
Treet has successfully raised funds through multiple rounds, including a Series A round, with backing from notable investors such as Bling Capital and Techstars. The company offers a range of branded resale solutions designed to help direct-to-consumer brands grow revenue and promote sustainability.
Keep reading to explore the intricacies of Treet's fundraising journey and the investors backing this innovative platform.
What Is treet?
Treet, founded in 2021 by Jake Disraeli and Sonia Yang, is based in San Francisco, California. The company operates within the e-commerce, fashion, and retail industries, focusing on branded resale solutions for direct-to-consumer brands.
With an employee count ranging from 11 to 50, Treet offers a peer-to-peer resale platform that helps brands manage the secondary market for their products. Their solutions aim to drive revenue, enhance customer loyalty, and promote sustainability.
How Much Funding Has treet Raised?
- Pre-Seed Round
- Amount Raised: $120K
- Date: January 2021
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Treet's resale platform and establish initial market presence.
- Seed Round
- Amount Raised: $2.8M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $3.5M
- Date: October 2022
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and onboard more brands onto the platform.
- Series A
- Amount Raised: $10M
- Date: March 2024
- Lead Investors: Two Sigma Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Treet's resale platform and attract more brands to secondhand resale.
Total Amount Raised: $16.42M. Current Valuation: Not publicly disclosed.
Key Investors
- Two Sigma Ventures
- Details: Two Sigma Ventures is a venture capital firm that led Treet's $10M Series A funding round. The firm is known for its focus on data-driven and technology-centric investments.
- Investment Focus Areas: Data-driven technologies, technology-centric solutions, innovative solutions in the secondhand market.
- Notable Investments: Not publicly disclosed.
- First Round Capital
- Details: First Round Capital is an early-stage venture capital firm that participated in Treet's Series A and previous funding rounds. The firm is known for its early-stage investments in technology companies.
- Investment Focus Areas: Early-stage technology companies, consumer products, various sectors.
- Notable Investments: Not publicly disclosed.
- Techstars
- Details: Techstars is a global platform for investment and innovation, helping entrepreneurs succeed through mentorship and funding. They participated in Treet's Series A and earlier funding rounds.
- Investment Focus Areas: Early-stage technology startups, sustainability, various industries.
- Notable Investments: Not publicly disclosed.
- Bling Capital
- Details: Bling Capital is a venture capital firm that participated in Treet's Series A funding round. The firm focuses on early-stage investments in technology and consumer companies.
- Investment Focus Areas: Early-stage technology, consumer companies, innovative solutions.
- Notable Investments: Not publicly disclosed.
What's Next for treet?
As Treet continues to expand its resale platform, the company is poised to capitalize on the growing secondhand market, which is projected to reach $82 billion by 2026. With over 150 brands already on board, Treet's asset-light approach and integration with brand loyalty systems offer significant opportunities for growth.
Future fundraising rounds are likely as Treet scales operations and enhances its technology. Strategic partnerships and potential acquisitions could further bolster its market presence. However, challenges such as competition from established platforms and maintaining quality standards will need to be navigated carefully.
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