What is FloorFound?
FloorFound operates at the intersection of retail technology and sustainable logistics, providing an end-to-end Recommerce platform specifically designed for oversized products. The company addresses the significant operational friction associated with large-item returns, offering a seamless ecosystem that encompasses pickup, inspection, and resale. By integrating directly with major retail storefronts, FloorFound enables brands to recapture value from returned inventory while simultaneously reducing their environmental footprint. The platform serves as a vital partner for high-growth retailers, facilitating a circular future where large items are efficiently recirculated rather than discarded, thereby driving both customer loyalty and bottom-line growth.
How much funding has FloorFound raised?
FloorFound has raised a total of $14.5M across 2 funding rounds:
Angel/Seed
$4M
Series A
$10.5M
Angel/Seed (2021): $4M with participation from Flybridge Capital Partners, LiveOak Venture Partners, The 8VC, Next Coast Ventures, and Schematic Ventures
Series A (2022): $10.5M led by Flybridge Capital Partners, LiveOak Venture Partners, DP Cap Acquisition Corp I, Schematic Ventures, and Next Coast Ventures
Key Investors in FloorFound
Flybridge Capital Partners
Flybridge is an early-stage venture capital fund with over 20 years of investing experience, focusing on providing support to ambitious founders creating innovative companies centered around AI and vertical SaaS.
LiveOak Venture Partners
LiveOak is a venture capital firm that invests early in exceptional Texas-based founders, focusing on tech and tech-enabled service companies across various industries including retail and technology.
Schematic Ventures
Schematic Ventures is an early-stage venture capital fund based in San Francisco that focuses on investing in technology companies within the supply chain, manufacturing, and software infrastructure sectors.
What's next for FloorFound?
Looking ahead, FloorFound is poised to leverage its recent capital injection to deepen its market penetration and enhance its proprietary warehouse network. The strategic focus will likely center on expanding its roster of enterprise-level retail partners and optimizing its logistics technology to handle increased volume. As the demand for sustainable retail solutions continues to rise, FloorFound is well-positioned to capitalize on the shift toward circular business models. By refining its data-driven approach to asset recovery and expanding its marketplace reach, the company aims to solidify its status as the industry standard for oversized item management, ultimately setting a new benchmark for efficiency in the reverse supply chain.
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