Treet bags $10 million in Series A funding to enable brands to launch their own resale programmes

Resale technology specialist Treet has closed a $10 million Series A funding round.

In a LinkedIn post, Jake Disraeli, Co-Founder and CEO at Treet, said: “This funding is a testament to the tireless work our team has put in over the past three years to live up to our mission of ensuring every item lives its longest life – we do this by empowering brands to effortlessly launch their own profitable resale programmes.”

The company powers resale for more than 150 brands, including Girlfriend Collective, Ministry of Supply and Galia Lahav.

The round was led by Two Sigma Ventures with participation from previous lead investors: First Round Capital, Bling Capital, and Techstars.

Disraeli said: “To celebrate this milestone, we’re sharing data and learnings from launching over 150 branded resale programmes in the past three years (~60% of all branded resale programmes launched in that time). I’ve included the link in the comments below.”

“A massive thank you to my amazing Co-Founder, Sonia Yang, whose product vision has been steering our ship since day one, and to our incredible team on the front lines of the branded resale revolution. Without your passion and dedication, our ship would be lost at sea.”

“I’m so grateful to our brand partners who trust Treet to power their resale efforts. It’s been so humbling to work with some of our teams’ favourite brands and cannot wait to see what our brand roster looks like a year from now.”