Max Retail Secures $15M Series A to Revolutionize Excess Inventory Management for Independent Retailers .
Max Retail, a marketplace facilitating the sale of excess inventory for independent retailers and brands, announced a $15 million Series A funding round led by Nosara Capital, with participation from Rethink Impact, M13, The Artemis Fund, and StandUp Ventures. The company addresses the issue of unsold inventory, which can represent significant financial losses for small retailers, by expanding their buyer pool and providing higher payouts than traditional liquidation methods.
CEO and co-founder Melodie van der Baan emphasized that the funding will help Max Retail grow its sales channel network and enhance its platform, including the development of an AI-powered pricing and allocation engine. This engine will maximize the value of excess inventory for sellers and offer SKU-level insights.
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Max Retail aims to double its sellers and support global sales channels needing drop ship inventory, ultimately becoming the largest supply chain that holds no inventory. The company has seen significant growth, with a 4x year-over-year increase in gross merchandise value (GMV) and a 3x increase in seller payouts. This growth trajectory is expected to continue into 2024.
The platform’s success has been fueled by customer referrals, accounting for 40% of inbound leads, and the strong performance of active sellers. Max Retail’s innovative approach provides crucial support for independent retailers, particularly women-owned businesses, enabling them to navigate market pressures and maximize revenue from unsold goods.
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