Posts Tagged ‘Yaga’

Our portfolio company Yaga, the fast-growing online marketplace for secondhand fashion, has raised €4m in a pre-Series A funding round. We participated in the round together with Specialist VC, H&M Group, Startup Wise Guys, and a group of angel investors.

Resale platforms are no longer niche – they’re becoming mainstream shopping destinations. The global second-hand apparel market grew by about 15% in 2024, reaching $227 billion, and is forecast to reach $367 billion by 2029*. Yaga is at the centre of this global shift.

Over recent years, Yaga has doubled in size annually, reaching a €50m+ GMV run rate. The company is now profitable and has achieved this scale with a 25-person team and just €3.2m raised prior to this round, showing the efficiency of its model alongside strong market demand. Yaga has built a particularly strong presence in South Africa, where it has become the leading online fashion resale platform. Globally, sellers have earned more than €80 million to date, and more than 6 million items have found new owners, extending their life and reducing textile waste.

Read full announcement (external link)

Originally published on 12 Nov