FloorFound raises $10.5 M in Series A funding to expand its huge recommerce business

FloorFound, the pioneer and market leader in oversized item recommerce, announced that it has raised $10.5 million in Series A funding. 

Next Coast Ventures and LiveOak Venture Partners led the round, including existing investors FlyBridge Capital Partners and Schematic Ventures, and new investor Data Point Capital. 

The fund will help grow the company’s market share in the United States and expand into new retail categories like appliances, beds, and exercise equipment.

The funding comes at a time when FloorFound’s end-to-end recommerce solution, which streamlines the recovery and resale of returned, lightly used, and open-box items, is seeing rapid growth.

“Consumer demand for sustainability, coupled with a strained supply chain and growing inflation, has pushed re-commerce and resale to the forefront of retail. FloorFound’s solution cuts through the complexities that have made resale prohibitively difficult for oversized items and allow brands to quickly launch robust, full-scale recommerce programs that meet and exceed consumer expectations. With this new funding round, we are bringing this sustainable model to more brands and shoppers around the globe, driving the business forward while helping protect the planet,”  

Chris Richter, founder, and CEO of FloorFound.

FloorFound users are up and running in weeks and get instant ROI by enabling resale shopping, delivery, and customer service experiences that are on a level with, if not better than, new furniture purchases.

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