BERLIN – Recommerce start-up Reverse Supply has secured investment to the tune of €5 million (US$5.5m), which it’ll use to strengthen its platform, build its in-house team and spur growth.
Founded last year, Reverse Supply enables brands and retailers to quickly establish secondhand services by tapping into the German firm’s operational infrastructure.
“Recommerce is a crucial solution, as it helps the fashion industry to become more sustainable. It is a must-have for brands to meet contemporary customer needs. With Reverse Supply, we will build the leading international recommerce-as-a-service provider and significantly reshape the fashion industry,” commented co-founder and managing director, Janis Künkler.