About Trove
Trove is a company based in Brisbane (United States) founded in 2012 by Andy Ruben and Adam Werbach. It operates as a Product-as-a-Service and Circular Economy. Trove has raised $148.83 million across 6 funding rounds from investors including BMO, Capital One and Accel. The company has 254 employees as of December 31, 2023. Trove has completed 2 acquisitions, including Recurate and reverse.supply. Trove offers products and services including Resale Sites & Commerce Integrations, Digital & In-Store Trade-In, and Recommerce Operations. Trove operates in a competitive market with competitors including HYLA Mobile, Archive, Recurate, Treet and Create2STAY, among others.
- Headquarter Brisbane, United States
- Employees 254 as on 31 Dec, 2023
- Founders Andy Ruben, Adam Werbach
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Retail
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- Legal Name Trove
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Products & Services of Trove
Trove offers a comprehensive portfolio of products and services, including Resale Sites & Commerce Integrations, Digital & In-Store Trade-In, and Recommerce Operations.
Modular resale shopping solutions are provided for brands.
Trade-in services are offered for customer engagement.
End-to-end resale logistics are managed for brands.
People of Trove
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Funding Insights of Trove
Trove has successfully raised a total of $148.83M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $32.07 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Trove
Trove has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include BMO, Capital One and Accel.
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Investor details for Trove
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Investments & Acquisitions by Trove
Trove has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Recurate and reverse.supply.
Investment portfolio details for Trove
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Resale marketplace platform for eCommerce stores is provided.
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Re-commerce solutions are provided for brands and retailers.
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Complete acquisition details for Trove
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Financial Statements - Trove
Detailed financials for Trove
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Trove Comparisons
Peer comparison for Trove
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Competitors of Trove
Trove operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HYLA Mobile, Archive, Recurate, Treet and Create2STAY, among others.
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Tech-enabled mobile device trade-in and recommerce solutions are provided.
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Archive is recognized as an influencer marketing and UGC management platform.
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Resale marketplace platform for eCommerce stores is provided.
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A peer-to-peer resale marketplace for branded secondhand items is facilitated.
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Re-commerce software solutions are provided for brands and retailers.
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Detailed competitors of Trove
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Latest news on Trove
Complete news archive for Trove
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Frequently Asked Questions about Trove
Trove was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Trove is headquartered in Brisbane, United States. It is registered at Brisbane, California, United States.
Terry Boyle is the current CEO of Trove.
Trove is a funded company, having raised a total of $148.83M across 6 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Trove is 254.
Recommerce solutions are offered by Trove to support brands in adopting circular models within the fashion and retail sectors. Services include branded resale sites, digital and in-store trade-in programs, and comprehensive recommerce operations such as returns processing and pricing intelligence. Operations are supported across North America, the UK, and Europe, focusing on sustainability by reducing emissions and waste. Modular platforms and integrations are designed to enhance profitability and customer engagement for brands of varying scales.
Trove's top competitors include HYLA Mobile, Recurate and Treet.
Trove offers Resale Sites & Commerce Integrations, Digital & In-Store Trade-In, and Recommerce Operations.
Trove has made 2 acquisitions, including Recurate, and reverse.supply.
Trove has 10 investors. Key investors include BMO, Capital One, Accel, Wellington, and ArcTern Ventures.