What is FloorFound?
FloorFound operates a sophisticated Recommerce platform designed to extend the lifecycle of oversized retail goods. The company provides a comprehensive suite of services, including the coordination of item pickup, rigorous inspection, and the management of resale storefronts. By integrating directly with brands such as Joybird, Floyd Home, and Burrow, FloorFound enables retailers to capture value from returned inventory that would otherwise face disposal. This circular retail model not only drives traffic to branded marketplaces but also serves as a vital operational layer for modern e-commerce, effectively turning the logistical challenge of large-item returns into a sustainable revenue stream.
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 Schematic Ventures, LiveOak Venture Partners, The 8VC, Flybridge Capital Partners, and Next Coast Ventures
Series A (2022): $10.5M led by Flybridge Capital Partners, DP Cap Acquisition Corp I, LiveOak Venture Partners, Schematic Ventures, and Next Coast Ventures
Key Investors in FloorFound
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. They partner with ambitious entrepreneurs from Pre-seed to Series B, actively engaging throughout the business lifecycle to help build enduring companies in Texas.
Flybridge Capital Partners
Flybridge is an early-stage venture capital fund with over 20 years of investing experience, specializing in AI-native startups and vertical SaaS. They provide hands-on support to founders during the pivotal early stages of building a startup.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs building innovative companies in big markets. It provides early-stage capital to high-growth startups using macro trends and themes to guide its investment strategy.
What's next for FloorFound?
With the infusion of capital from its latest financing round, FloorFound is poised to scale its warehouse network and enhance its proprietary technology stack. The company is expected to focus on deepening its integration with enterprise-level retail partners, further automating the inspection and resale process to improve margins. As the retail sector continues to prioritize ESG initiatives and supply chain efficiency, FloorFound is well-positioned to capture additional market share, potentially expanding its service offerings to accommodate a broader range of product categories and international markets.
See full FloorFound company page
