Online Furniture Consignment Shop Earns $2.8 Million in Funding
Move Loot, a self-proclaimed online furniture consignment shop, is a unique e-commerce venture -- its business is based upon shipping used furniture in large batches.
It might be Move Loot's unique purpose that make it attractive to funding sources -- according to a Monday, June 9 Tech Crunch article, Move Loot has secured $2.8 million in funding from firms like First Round Capital and Index Ventures.
With this funding, Move Loot plans to expand from its headquarters in San Francisco, according to Tech Crunch. The company has been growing by about 40% each month since launching earlier this year.
Move Loot's concept of an online used furniture shop could offer an affordable furniture option for people hoping to bypass the normally high cost of furnishing a home.
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