Participated · Equity · Feb 2019

GoTrendier is a Mexico-based e-commerce marketplace focused on second-hand clothing. The platform operates in the resale apparel sector, facilitating transactions of pre-owned garments. The article reports the company raised roughly USD15 million in a Series B financing. The round was led by IDB Invest, Creas Impacto and IDC Ventures, with follow-on from IGNIA Partners and other investors. The article does not disclose revenue, user metrics, or specific future plans. Sources cited include IDB Invest and Flow Partners. GoTrendier operates an online marketplace for secondhand clothing. The platform reports more than one million users and a catalogue valued at over $47 million. The company will use the funds to continue growing in Mexico and Colombia, open in Chile, reinforce its team, and introduce new features to scale. The article places the business in the internet sector and notes this is the company's third financing round. It also cites the broader secondhand clothing market as having billed more than 360,000 million in 2017 and expected to reach 400,000 million by 2022. GoTrendier is based in Mexico. Trendier operates a marketplace and mobile app focused on women's fashion, described in the article as the largest such marketplace in Mexico. The app lets sellers list items in three clicks and buyers search and negotiate prices. As of the report, Trendier had more than 200,000 registered users and users upload over 1,000 products daily. The company already operates in Colombia and was seeing promising growth there. In December 2016 Trendier closed a financing round of €1 million. The funds were earmarked to expand its model across Mexico and to export the business to Colombia.