Fleek Raises $25M Series B for AI Secondhand Fashion

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Fleek, a London company building the AI infrastructure behind the global secondhand clothing trade, has raised $25 million in a Series B round. Burda Principal Investments led the financing, with participation from eBay, FJ Labs and H14, alongside existing investors Andreessen Horowitz, HV Capital and Y Combinator, taking total funding to $45 million.

Founded in 2021 by Abhi Arora and Sanket Agarwal, Fleek runs a B2B marketplace and the systems that digitize the supply chain behind it, connecting more than 2,000 verified wholesale suppliers and graders with over 50,000 retailers and resellers across more than 100 countries. The company says it has kept more than 12 million items in circulation.

Fleek will use the capital to expand operations and its development efforts.