Fleek funding news – London-based Fleek has Secured $20.4Million in Funding

Investor of the round

HV Capital led the Series A round, with participation from Andreessen Horowitz (a16z) and Y Combinator. Investors also include leaders from companies like Shopify, Depop, and Postmates.

Funding Utilisation

The funds will help it to expand its supplier base and improve its platform with new features like chat and live video shopping.

It uses AI and predictive analytics to track trends in the second-hand market, helping suppliers stay updated and allowing buyers to find vintage streetwear, Y2K, and upcycled clothing in bulk.

Read more : Prelude funding news – Paris-based Prelude has Raised €7.6 Million in Seed Funding

Abhi Arora, co-founder and CEO of Fleek, commented: “Our mission is clear: to make second-hand the first choice and elevate businesses on both sides of the marketplace. While we've made progress, the world we envision—where consumption patterns shift, and a new class of entrepreneurs emerges—is still being built. With this funding, we aim to get more businesses to start selling second-hand clothing and drive the shift toward sustainable shopping."

Sanket Agarwal, cofounder of Fleek, added: “The way to bring this very offline industry online is to build a product that has a dynamic social experience, fostering connections through chat and live shopping, and enabling transactions via seamless global payments and logistics. By enabling this new wave of circular economy entrepreneurs around the world to interact directly with each other, we hope to enhance the global trade of used clothing more efficiently.”

Felix Klühr, General Partner at HV Capital said: “We are proud to invest in Fleek, a company that is redefining the second-hand fashion landscape. Fleek innovative approach to scaling the second-hand market globally reflects tremendous potential for growth. The marketplace not only addresses current industry needs. It also paves the way for a more sustainable future in fashion. We are excited to be part of this journey.”

Connie Chan, General Partner at Andreessen Horowitz (a16z) said: “We're thrilled to partner with Fleek - their vision of optimizing the second-hand supply chain and simplifying inventory replenishment for resellers and retailers is impressive. We believe Fleek will bring untapped supply online, fostering trust in the ecosystem and significantly growing the wholesale market. Especially with the new Reworks business line, Fleek is well-positioned to serve a brand new generation of online and offline sellers.”

About Fleek

Fleek was founded in 2021 by Abhi Arora and Sanket Agarwal to solve a major problem in the second-hand fashion industry. The platform connects over 1,000 suppliers with more than 10,000 resellers in 70 countries.

It offers an easy-to-use online marketplace where buyers can access popular second-hand items at competitive prices. It also provides buyer protection and global shipping. The platform features like chat and live video shopping help buyers and suppliers connect directly making the shopping experience more interactive.