What is Totspot?
Totspot operates as a mobile application designed to simplify the process of buying and selling gently used children's fashion. The platform offers a wide array of daily styles from popular brands, catering to various age groups from newborn to elementary school children. By facilitating the resale of pre-owned clothing, Totspot addresses both the economic and environmental considerations for parents seeking affordable and sustainable fashion options for their kids. The company's focus on user-friendly transactions aims to build a robust community of buyers and sellers.
How much funding has Totspot raised?
Totspot has raised a total of $3.3M across 2 funding rounds:
Angel/Seed
$1.8M
Angel/Seed
$1.5M
Angel/Seed (2014): $1.8M with participation from GGV Capital, QueensBridge Venture Partners, and 500.com
Angel/Seed (2016): $1.5M led by Seven Seas Venture Partners, GGV Capital, Structure Capital, and 500.com
Key Investors in Totspot
GGV Capital
GGV Capital is a global venture firm that invests in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors. They have a track record of backing prominent companies in the tech and consumer space.
Seven Seas Venture Partners
Seven Seas Venture Partners focuses on investing in startups in the US and China, particularly in IoT and high-technology sectors. They aim to bridge entrepreneurs and markets between the two countries.
500.com
500.com Limited is a leading online sports lottery service provider in China, offering a comprehensive suite of lottery services and information. They are one of the approved entities for online lottery sales in China.
What's next for Totspot?
With the recent major strategic investment, Totspot is poised for significant expansion. The company is expected to leverage this capital infusion to enhance its technological infrastructure, broaden its marketing reach, and potentially expand its product categories or geographic presence. The ongoing support from investors like GGV Capital, known for its investments in social and internet companies, suggests a strategic focus on scaling user acquisition and optimizing the platform's efficiency. Totspot's continued development will likely center on solidifying its position as a leading destination for family fashion resale.
See full Totspot company page
