Trove

Trove

AI-powered brand-owned resale platforms

Overview

Trove helps brands launch and manage their own resale programs in the growing second-hand market. It provides a branded, composable storefront that plugs into a brand’s existing sales channels, enabling customers to buy new items or trade in used gear. Trove’s software uses computer vision and machine learning to identify items, set prices, and relist them to maximize value, making sure items resell quickly. The platform also supports trade-ins with store credit, encouraging repeat purchases and loyalty. Unlike generic marketplaces, Trove targets brand ecosystems with a seamless customer journey across channels. Its goal is to expand the resale market for brands, increase customer lifetime value, and attract new customers by offering a trusted, branded used-goods option, with real-world adoption by brands like Arc’teryx, Patagonia, and lululemon.

About Trove

Simplify's Rating
Why Trove is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consumer Software

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series E

Total Funding

$144M

Headquarters

Brisbane, California

Founded

2012

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Simplify's Take

What believers are saying

  • April 2025 reverse.supply acquisition gives Trove immediate Berlin talent and European customers.
  • Recurate brought 29 brands, including Steve Madden and Michael Kors, expanding distribution.
  • Trove's 2024 CEO switch to Terry Boyle aligns execution around resale platform consolidation.

What critics are saying

  • Amazon and Shopify can bundle resale tools, compressing Trove's pricing by 2026.
  • Branded resale remains niche; Trove depends on fashion brands sustaining trade-in budgets.
  • A failed international rollout after reverse.supply integration would undermine Trove's market-leader story.

What makes Trove unique

  • Trove acquired Recurate in 2024, adding Shopify and peer-to-peer resale.
  • Trove bought reverse.supply in April 2025, extending branded resale across 30 countries.
  • Trove claims 75% to 80% of U.S. branded resale traffic after Recurate.

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Funding

Total Funding

$144M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1.3B
Epic Games
$1.5B
Airbnb

Benefits

Flexible Work Hours

Unlimited Paid Time Off

401(k) Company Match

401(k) Retirement Plan

Health Insurance

Stock Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

0%
Business Wire
Apr 16th, 2025
Trove's Acquisition of reverse.supply Extends Resale Leadership to Europe

Trove, the leader in branded resale and customer trade-in, is advancing its European and global expansion by acquiring reverse.supply, a German-based leader ...

Penske Media Corporation
Aug 13th, 2024
Trove Acquires Recurate, Expands Resale Platform

Trove has acquired custom resale platform Recurate for an undisclosed amount, expanding its branded resale operations. Recurate’s cofounders, Wilson Griffin and Adam Siegel, will join Trove as VPs of sales and product, respectively. The acquisition enhances Trove’s offerings with peer-to-peer solutions and Shopify integration, aiming to create a comprehensive resale platform. Trove now commands over 75% of the branded resale traffic in the U.S., adding 29 new brand partners, including Steve Madden and Michael Kors.

The Bridge
Oct 15th, 2022
循環経済(サーキュラーエコノミー)ーー巨大なビジネスチャンスの理由と活躍するスタートアップたち

本稿は独立系ベンチャーキャピタルSTRIVEによるものを一部要約して転載させていただいた。原文はこちらから、また、その他の記事はこちらから読める。なお、転載元のSTRIVE Blogでは起業家やスタートアップに興味のある方々に向けて事業成長のヒントとなるコンテンツを配信中。投資相談はSTRIVE(公式サイト・Twitter)をチェックされたい. 近年、一層の注目をあつめる環境問題や気候問題。世界各国で発生する自然災害の主要因となるこれらの問題への意識は、国だけでなく民間企業、一般の人々の間でも高まっています。大量生産、大量消費、そして大量廃棄を生み出す経済社会に対する懸念が深まっていく中で、資源を持続可能な形で最大限利用し、廃棄を極力生み出さない「循環経済(サーキュラーエコノミー)」への移行が先進国を中心に進んでいます。

StreetInsider
May 11th, 2022
Trove hired Gayle on Nov 11th 20'.

“Since Gayle joined Trove nearly 18 months ago, her contributions have been transformative.

Modern Retail
May 10th, 2022
G2 Venture Partners will invest into Trove in $77.5M on Aug 1st 22'.

Resale startup Trove, for example, announced a $77.5 million series D funding round led by G2 Venture Partners in August.

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