Users can manage an entire resale business from one platform, enabling unlimited single-entry cross posting
Richmond, VA, Sept. 29, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) has invested in Vienna, Va.-based Aravenda. Formerly known as Resale Global, Aravenda provides cloud-based software for sustainable resale, consignment, and thrift stores, enabling them to take their local stores global with just a few clicks. The startup will use the Virginia Founders Fund investment to continue enhancing its products as well as expand its lead generation and customer support teams.
“Resale is the fastest growing segment of retail, yet today’s technologies are out-of-date and inefficient. Aravenda has the opportunity to make a difference in this growing space by providing small businesses with more resources to reach more consumers, both domestically and internationally,” said Jennifer O'Daniel, Senior Investment Director, CIT GAP Funds. “With leaders that are bringing their vision to life, and a platform that has a global presence already in 4 continents with a variety of resale categories, we are excited to follow their journey as they continue to grow and make a positive impact on the industry.”
CIT Press 2020-2021