What is FloorFound?
FloorFound is at the forefront of the circular economy for retail, specializing in the efficient management and resale of oversized products. The company's comprehensive Recommerce platform and expansive warehouse network streamline the entire process of handling large returns and facilitating their resale. By managing everything from item pickup and inspection to marketing, sales, and revenue recovery, FloorFound enables major retailers like Joybird, Floyd Home, Burrow, and Inside Weather to power their own resale storefronts and drive traffic through the FloorFound marketplace. This focus on sustainability and value recovery for large-ticket items positions FloorFound as a key player in reducing waste and maximizing the utility of retail goods.
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 The 8VC, Next Coast Ventures, Schematic Ventures, Flybridge Capital Partners, and LiveOak Venture Partners
Series A (2022): $10.5M led by Flybridge Capital Partners, DP Cap Acquisition Corp I, Schematic Ventures, Next Coast Ventures, and LiveOak Venture Partners
Key Investors in FloorFound
The 8VC
8VC is a venture capital firm that invests in early-stage companies, often focusing on disruptive technologies and ambitious founders.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs building innovative companies in big markets, providing early-stage capital to high-growth startups.
Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital fund focused on supporting ambitious founders creating innovative companies, particularly those centered around Artificial Intelligence.
What's next for FloorFound?
The substantial enterprise-level funding and recent strategic investment indicate FloorFound is in a scaling phase, poised to expand its operational capacity and market reach. This capital infusion will likely fuel further development of its Recommerce platform, enhance its logistics network for oversized items, and potentially broaden its partnerships with retailers seeking to implement robust resale strategies. The company's trajectory suggests a continued focus on innovation in reverse logistics and recommerce, aiming to solidify its position as the go-to solution for managing and monetizing large retail returns, thereby contributing significantly to a more sustainable retail ecosystem.
See full FloorFound company page
