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Resale Industry Leader Recurate Appoints Yoram Givon as VP of Engineering
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Recurate Announces Karin Dillie Vice President of Partnerships
Luxury fashion executive Karin Dillie recently left The RealReal (Nasdaq: REAL) to join Recurate, a company backed by Google s AI-focused venture fund.
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ARLINGTON, Va., May 25, 2021 /PRNewswire/ Recurate, Inc. (
www.recurate.com), a plug and play tool that lets brands offer an owned resale channel within a matter of weeks, today announced the hiring of luxury fashion executive Karin Dillie as Vice President of Partnerships. In this role, Karin will continue to expand Recurate s marquis brand partnerships with luxury, emerging, and mainstream labels nationwide. Today, Recuate works with leading brands such as Re/Done, La Ligne, Mara Hoffman, and Peak Design.
Recurate, Inc., an Arlington, VA-based technology company that allows customers to sell their used items directly on their favorite brand’s site, raised $3.25m in seed funding.
The round was led by Gradient Ventures with participation from Rise of the Rest, part of Revolution’s Rise of the Rest Seed Funds and Third Kind Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2020 by CEO Adam Siegel and COO Wilson Griffin, Recurate is a circular economy technology company that offers brands an ecommerce solution to capture their secondhand sales. It enables an integrated peer-to-peer marketplace on brands’ ecommerce stores, allowing their customers to resell items they previously purchased from those brands. Recurate works with fashion, outdoor gear, electronics, and equipment brand companies.
Recurate enables brands and ecommerce stores to host integrated peer-to-peer marketplaces, allowing the brand s customers to resell items previously purchased from the brand. Without Recurate, brands products are typically resold on third-party marketplaces, leaving the brand with no relationship with customers who are reselling their items, no opportunity to drive loyalty, and little information about these sales. We re investing in Recurate because their team recognized a tremendous opportunity for brands to bring used goods sales back to their own online properties, says Zach Bratun-Glennon, Partner at Gradient Ventures. With Recurate s platform, brands bring best-in-class ecommerce experiences to resellers and customers of used goods, as well as generate greater community and loyalty for the brand. We expect the growth in the demand for ecommerce, circular commerce, and sustainable purchasing options to continue.
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