FloorFound
FloorFound is a rapidly growing company based in Austin, Texas, specializing in an AI-powered recommerce platform called RecoverAI. This platform optimizes oversized returns recovery for retailers by leveraging local resale networks, enabling them to tap into lost revenue from returns, trade-ins, and buy-backs. FloorFound's end-to-end solution manages the entire returns and resale process, significantly improving retailers' bottom lines by realizing up to 25% revenue recovery on returns. The company is positioned at the forefront of the circular economy, helping retailers and resellers minimize waste while maximizing profitability.
FloorFound
FloorFound is a rapidly growing company based in Austin, Texas, specializing in an AI-powered recommerce platform called RecoverAI. This platform optimizes oversized returns recovery for retailers by leveraging local resale networks, enabling them to tap into lost revenue from returns, trade-ins, and buy-backs. FloorFound's end-to-end solution manages the entire returns and resale process, significantly improving retailers' bottom lines by realizing up to 25% revenue recovery on returns. The company is positioned at the forefront of the circular economy, helping retailers and resellers minimize waste while maximizing profitability.
TL;DR
Founded: 2020
Headquarters: Austin, Texas
Product: RecoverAI — AI-powered recommerce platform for oversized returns
Value proposition: End-to-end returns and resale orchestration enabling up to 25% recovery on returns
Total reported funding: $15.65M
Company Overview
Problem Domain
Reverse logistics and recommerce for oversized retail returns
Founded
2020
Industry
Recommerce / Reverse logistics
Funding Track Record
$4,000,000
$10,500,000
Convertible note activity recorded
Investor Signal
“Participating investors include LiveOak Venture Partners, Next Coast Ventures, Flybridge Capital, 8VC, Schematic Ventures, Brett Hurt, and Data Point Capital”