Thrift®
Know what any item is worth on the resale market, and where to sell it.
Know what any item is worth on the resale market, and where to sell it.
Thrift® is a UK-based startup that aims to revolutionize the resale market by providing sellers with insights into the value of their items and guiding them on where to sell. The platform, specializing in non-barcoded items, utilizes proprietary algorithms to ensure 99% accuracy by cleaning data from each marketplace. Through trials with Charity Retailers, using Thrift resulted in impressive outcomes such as a 27x faster item pricing, a 55% decrease in unsold items, and a 29% increase in the average selling price. Additionally, sellers achieved within 11% of the price shown by Thrift 95% of the time. The company, founded in 2017, recently secured a £14.61K Seed Round investment on 31 March 2022 from Nova Growth Capital. Thrift offers a promising solution for the retail sector to enhance efficiency and effectiveness in pricing the second-hand market. If you are part of this sector, reaching out to the Thrift team could offer valuable insights for your business.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | £14.61K | 1 |
|
31 Mar 2022 |
| Pre Seed Round | £150.00K | 1 |
|
31 Mar 2021 |
| Pre Seed Round | £11.00K | 1 |
|
05 Jan 2021 |
| Pre Seed Round | £23.00K | 1 |
|
12 Nov 2020 |
| Pre Seed Round | £41.00K | 1 |
|
03 Apr 2020 |
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