What is Recurate?
Founded in 2020, Recurate operates as a full-service recommerce partner. The company empowers e-commerce businesses to integrate a seamless resale marketplace directly into their existing online stores. This innovative approach allows brands to capture value from the secondary market, enhance customer loyalty, and promote sustainability by extending the lifecycle of their products. Recurate's platform facilitates the entire resale process, from item authentication and pricing to customer service and fulfillment, providing a comprehensive solution for brands looking to enter or expand their presence in the circular economy.
How much funding has Recurate raised?
Recurate has raised a total of $17.3M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$14M
Angel/Seed (2021): $3.3M with participation from Gradient Ventures
Series A (2022): $14M led by Jump Capital
Key Investors in Recurate
Jump Capital
Jump Capital is a venture capital firm specializing in early-stage investments within fintech, application software, and infrastructure software. They are recognized for their financial acumen and active support of portfolio companies.
Gradient Ventures
Gradient Ventures is a venture capital firm focused on investing in companies that leverage artificial intelligence to solve complex problems. Their investments often target innovative technologies and scalable business models.
What's next for Recurate?
With its recent major strategic investment, Recurate is poised for significant expansion and further development of its recommerce platform. The enterprise-level funding suggests a focus on scaling operations, enhancing technological capabilities, and potentially broadening its market reach to onboard more enterprise clients. This capital infusion will likely enable Recurate to solidify its position as a leader in the integrated resale market, driving innovation in sustainable commerce solutions and supporting brands in their transition towards a more circular business model.
See full Recurate company page
