Vintage clothing marketplace raises $25 million in Series B funding

A London-based online marketplace that connects vintage clothing wholesalers with retailers raised $25 million in a Series B round announced Wednesday. The round brings the company's total funding to $45 million. The company declined to disclose its valuation.

The platform links roughly 2,000 verified wholesale suppliers, primarily in India, Pakistan, and Dubai, with more than 50,000 vintage clothing retailers in over 100 countries. It guarantees transactions so buyers avoid broker scams. The company said up to 24 billion secondhand garments move through the global supply chain each year.

AI tool for sorting and pricing The company developed Fleek Sort, a computer vision-language model trained on four years of its transaction data. The tool analyzes smartphone photos to identify brand, style, category, defects, estimated sale price, and time to sell.

It is already used in sorting hubs in Pakistan, India, and Dubai, with pilots planned in the U.K., Europe, and the U.S. The company built the model in-house because third-party services would be too costly at scale. Its largest partner processes 600,000 pounds of clothing daily.

The new funding will support further development of the AI tool, expansion of the engineering team, and growth of the buyer and seller network.

Industry background and new regulations The company said demand for vintage clothing currently exceeds supply. EU rules requiring separate textile collection for recycling and restrictions on discarding unsold inventory are expected to increase the volume of clothing entering resale channels. The company said supply remains the biggest constraint in the industry.