What does Renow do?
Renow optimizes the handling and resale of second-hand goods by offering merchants a complete solution for product returns, including remote inspections, grading, and resale through its marketplace and outlet platforms.
How much did they raise?
The company raised €1.8M in a Seed round led by Greencode Ventures, with participation from Superhero Capital and Street smart Capital.
What are their plans for the money?
Renow intends to expand its platform and logistics partner network, as well as grow its sales and product teams across Northern Europe, which could significantly streamline the returns process and enhance resale speed.
What have they achieved so far?
Renow has already developed an integrated system combining advanced software tools with a third-party logistics network, enabling merchants to process returns locally and resell products quickly.
