Resale technology startup Recurate brings in industry veteran Yoram Givon as VP of Engineering
Circular economy tech company Recurate has announced the appointment of Yoram Givon as VP of Engineering.
He will oversee the firm’s entire engineering division and will spearhead a number of enhancements to the tech platform, the aim of which is to improve the overall experience for Recurate’s brand partners, sellers and shoppers.
Givon has over 20 years of experience in managing engineering teams at Fortune 500 companies across the US and Europe, including Visa and Vrbo.
He is a specialist in mobile development (Android, iOS, web), cloud- based and SaaS solutions, IT operations and large scale commercial deployments.
“Recurate has done an impeccable job since its founding in 2020 to break into the industry and become a leader in circular economy and resale technology,” Givon says. “I look forward to being a part of this next chapter with the company and team.”
“The e-commerce and SaaS expertise that Yoram brings will enable the next evolution of Recurate’s branded resale featureset,” says Adam Siegel, Co-founder and CEO at Recurate.
“He and the engineering team he’s built already have transformative ideas -- and will bring innovations to the resale industry with tremendous speed.”
Funding round
Last year, Recurate bagged $14 million in funding.
The round was led by Jump Capital, and included Gradient Ventures, XRC Labs, Victress Capital, Revolution's Rise of the Rest Fund, and AngelList Early-Stage Quant Fund, as well as executives from Brooks Brothers, Chubbies, and Klaviyo, among others.
The investment brought its total funding to over $17.5 million.
"Third party marketplaces have fostered a projected $77 billion industry for resold goods. Recurate provides the logical evolution for this appetite to flow through the brands themselves," said Yelena Shkolnik, Partner at Jump Capital.
"We expect the ease of purchasing and listing goods through brand sites will bring brands many new customers, help them retain existing customers and ultimately bring millions of consumers to the circular economy."
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