Fleek, an online marketplace for vintage clothing, has secured $25 million in Series B funding, bringing its total raised to $45 million. The company connects vintage clothing wholesalers with retailers globally, aiming to address the imbalance between growing demand and constrained supply in the second-hand fashion industry. The new capital will support Fleek's growth and its development of AI-powered sorting technology to improve efficiency and transparency in the largely manual vintage clothing trade. AI
IMPACT This funding will likely accelerate the development and adoption of AI in the second-hand fashion supply chain, improving efficiency and transparency.
RANK_REASON Major venture capital funding round for an AI-adjacent marketplace. [lever_c_demoted from significant: ic=1 ai=0.7]
- Abhi Arora
- Andreessen Horowitz
- Burda Principal Investments
- eBay
- FJ Labs
- Fleek
- Fleek Sort
- HV Capital
- Sanket Agarwal
- Vinted
- Y Combinator
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