Renow operates an AI-powered recommerce platform that modernises how returned and second-hand goods are handled by providing remote inspections, AI-assisted quality grading, and detailed product cards for resale. It offers freemium software tools plus access to a third-party logistics (3PL) network so merchants can process returns locally and rapidly resell items via Renow's marketplace or white-label outlets. The platform's agentic AI collects accurate return data, assists warehouse teams with grading, and automates product listing generation to reduce manual tasks and speed processing. Renow supports trade-ins and resells items with buyer protections, including a 12-month warranty, and focuses on electronics and hard goods. The company currently operates with retailers and marketplaces in Finland, Sweden and Norway and plans launches in Denmark and the Benelux. Renow raised €1.8 million in seed funding to expand its platform, logistics partner network, and to grow its sales and product teams across Northern Europe.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2025