Curtsy clothing resale app raises $11 million in Series A

Anne Freer | January 22, 2021

App Deals

Curtsy, the app that lets users resell clothes, just raised $11 million in a Series A funding round.

The round was led by Index Ventures with participation from Y Combinator, FJ Labs and 1984 Ventures. To date it raised $14.5 million in funding.

Curtsy will use the  funds to expand its product and marketing operations.

Focused on Generation Z who are looking for more sustainable ways to shop, the app will allow users to list their own shoes and clothes.

Its revenues run at around $25 million in 2020, at an average monthly growth of 30%.

One of the issues with existing resale apps is that it can take a long time to list individual items.

Curtsy is different because it takes some of the friction out of the listing process.

Whether someone is a casual or professional seller doesn’t matter.

The app makes use of machine learning technology to help sellers list their items and increase their changes of selling.

Curtsy automatically recommends a price and helps pre-fill details like brands and categories as well as shipping weight.

A human reviewer is also on hand to check these details and iron out problems.

People who are selling on the app for the first time are even sent a free starter kit to package their items before shipping them including a label service. That’s because Curtsy realised that many Gen Z users don’t have printers at home.

The company takes a cut of 20% from sales.

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