Former type Private Headquarters San Francisco, CA Founded 2013 | Defunct July 2016 (2016-07) Website www.moveloot.com | |
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Industry E-commerce, Furniture, Retail Areas served San Francisco Bay Area, Raleigh-Durham, NC, Charlotte, NC, Atlanta, GA, New York, NY, and Los Angeles, CA Founders Ryan Smith, Jenny Morrill, Shruti Shah (COO, Bill Bobbitt | ||
Move loot comes to rtp
Move Loot was a company and online marketplace for the buying and selling of secondhand (used) furniture. Move Loot was headquartered in San Francisco, CA. Move Loot served the following markets: San Francisco Bay Area, New York, New York, Los Angeles, California, Raleigh, North Carolina, Durham, North Carolina, Charlotte, North Carolina and Atlanta, Georgia.
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Overview
Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process. The company assessed furniture prior to posting it, and had minimum standards for style and quality. Move Loot earned 50% of the selling price when items were sold. Part of the company's business paradigm was for less furniture to be sent to landfills and to increase the length of time furniture was used.
History
Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (Head of Expansion). It ceased operations in July 2016.
Funding and strategic partners
Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others. As of November 2015, Move Loot had received $21.8 M in funding