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Reflaunt

Reflaunt
Startup Name: Reflaunt
Country: Portugal
Date Founded: /5/2018
Financial Stage: Post Seed
Area: Ecommerce

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Reflaunt is the leader in white label resale solutions, offering retailers technology and operations support to accelerate their circular transition.
1) First hand retailers are excluded from the second hand market. We help them take back control of it.
2) We need to generalize resell to deal with the environmental impact of end of life of garments.
Trove is our main competitor.
We are better because we are a more flexible solution. We are totally integrated with the retailers website. Most importantly, we already have global capabilities. Finally we have a unique network of marketplaces on which we can sell our products.
We have two sources of revenue. We take a commission on sales and charge retailers a yearly licence fee. We have a number of global brands as paying customers.
We serve some of the biggest names in the fashion industry. Our clients include high street brands such as H&M and COS, affordable luxury brands like Bash, Ganni, Axel Arrigato and luxury houses like Balenciaga. We also work with many multi brand retailers such as Harvey Nichols, Net a Porte, MR Porter, the Outnet, Zalora or Saks fiths avenue. Our sales funnels include personal contacts, recommendations, conferences, trade shows, membership of various organizations promoting circular economy.
In the span of four year we have deployed our service across three continents (Europe, South East Asia and north America) but most importantly we have signed some of the biggest retailers in the world (Net a Porte, Saks etc).

Financing Stage:

Seed:
Raised money:  3000000 USD
Valuated at:  18000000 USD
Investor:  Madaluxe
Closing Date:  04/2020
Post seed:
Raised money:  8'000'000 USD
Valuated at:  32'000'000 USD
Investor:  Ventech
Closing Date:  07/2022
Current Revenue:
Current Year:  3 USD
1 year ago:  1 USD
2 years ago:  0 USD
3 years ago:  0 USD
Next year expected revenue:
5 USD
Development Stage:
Post breakeven
Аre you in currently in an open Investment round?
No
Team member 1: Felix Winckler
Position: CCO
LinkedIn Profile: View Profile »
Bio: Qualified lawyer with 10 year experience in early stage startup. Felix is a serial entrepreneur in the consumer technology space with experience in sales and growth marketing.
Team member 2: Stephanie Crespin
Position: CEO
LinkedIn Profile: View Profile »
Bio: 10 years of experience managing luxury brands between P&G Fine Fragrances and leading Asian resale marketplace StyleTribute.
Team member 3: Phillippe Benedetti
Position: CTO
Bio: 10 years of experience building and leading tech
businesses from Rocket Internet to StyleTribute.