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Synopsis
Wellington Management and ArcTern Ventures, two investors, led a $30m Series E round in Trove, an online trading software to improve the process of buying back and reselling used items, with participation from Mitsui Fudosan, G2 Venture Partners, and Prelude Ventures. “For over a decade, Trove has been the pioneer behind leading resale programs. We equip brands to own their resale experience and engage with new and existing customers. This is only possible through our proprietary technology and unparalleled warehouse and logistics capabilities. Now, our accelerating scale and flexibility means we can deliver more impact across categories and markets, keeping millions of quality items in circulation," Gayle Tait, Trove CEO.
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