SAN FRANCISCO – Californian recommerce specialist Trove, which runs branded resale and trade-in platforms for fashion brands, has raised $30 million in a series E funding round.
The company, which has now raised more than $150 million in funding since it was founded, says the investment will fuel its expansion to meet “surging demand” for its branded resale solutions.
The latest funding round was co-led by Wellington Management and ArcTern Ventures, with support from Mitsui Fudosan’s CVC Fund, G2 Venture Partners, Prelude Ventures and other existing investors.
Already have an account? Log In
Recommended
Most Popular
Latest Magazine
Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive
Other publications from MCL News & Media
