Move Loot operates an online marketplace for affordable pre-owned furniture and offers a full-service experience that includes pickup, listing, storage, and delivery. The company has built warehousing and logistics infrastructure and a logistics platform to control last-mile delivery and provide narrow delivery windows. Pickup and delivery workers are salaried employees with benefits rather than 1099 contractors. Most pickups can happen within a day, though pickups are scheduled five days ahead on average and deliveries are typically scheduled two days in advance. The service is active in the San Francisco Bay Area, Charlotte, and North Carolina’s Research Triangle, and Move Loot plans to expand into three new cities in the coming months. To support that expansion the company raised $9 million in new funding. Move Loot operates an online consignment marketplace for furniture, managing pickup, storage and resale of items. The company has focused on refining logistics and item imaging while testing its service around San Francisco. It has moved from a 5,000 sq. ft. warehouse into a 30,000 sq. ft. Dogpatch facility and brought pickup and delivery in-house to improve customer service and margins. Move Loot has been growing roughly 40% month-over-month since launching earlier this year. Management plans to expand to two additional cities by the end of the year and is investing in internal tech and supply-chain enhancements. Office furniture demand has emerged as an unexpected, potentially lucrative side business, though the company intends to keep consumers as its primary focus.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2015