The startup — backed by nearly $22 million in funding from a list of top investors that included Y Combinator, GV, Index, Metamorphic and Sherpa — has shut down its business and sold access to its customer list to Handy, the home services company that offers cleaning and repairs on demand.
Jenny Morrill helped start Move Loot because she was frustrated with how costly and wasteful it was to move from one home to another. "Move Loot started because furniture moving is a pain," said Morrill, the company's chief marketing officer in addition to being a co-founder.
Move Loot, formerly available only in select cities, starts shipping nationwide today. Buyers and sellers across the US can now list and ship through the service. Move Loot expects the expansion to quintuple their annual inventory, to 250,000 items.
On Tuesday, San Fransisco-based used furniture marketplace Move Loot announced it would be expanding to cover the D.C. area. The introduction of Move Loot into D.C. will allow the company to effectively rival other classified services like Craigslist and OrderUp, which are sometimes used to negotiate the sale and purchase of furniture and other goods.
San Francisco-based online marketplace Move Loot expanded to Chicago Tuesday with hopes of beating Craigslist at reselling popular name-brand furniture.
Shruti Shah, a UNC graduate and co-founder of tech startup Move Loot, found out through a Google alert she set up for the company. “It was a very tech way to find out,” she admits. She emailed the other three co-founders. “It’s a huge honor,” she says. “You’re among so many talented people.”
Move Loot started two years ago after its founders, Bill Bobbitt, Jenny Morrill, Ryan Smith and Shruti Shah, experienced similar frustrations when trying to sell used furniture and buy new pieces online. The four friends didn't like handling bids from multiple buyers and sellers and arranging for pickups.
Move Loot reported that it recently launched "Trade by Move Loot", a program that will open up its platform to vendors. This new platform is a B2B service for furniture retailers and independent vendors that enables them to leverage Move Loot's operations and logistics services to solve the complicated and fragmented equation associated with furniture.
California ride-share giant Uber has teamed up with a Tar Heel startup in a new short-term initiative in Raleigh: #UberMovers.
Brimming with electric energy, NYC and LA are known for superb design, stellar food, and exceptional entertainment. We’re stoked to announce that we’re extending our service to these two great cities.
Online furniture marketplace Move Loot offers a place where buyers can find affordable pre-owned goods and where sellers can get rid of things they no longer want or need. In order to make its service available in new places and to new users, the company just raised $9 million in new funding.
When Bill Bobbitt decided to build a marketplace for buying and selling used furniture, he knew he couldn't do it alone.
Moveloot, the first online, curated marketplace for second hand goods, houses racks and racks of used furniture in good condition and helps newcomers furnish their apartment after arriving to the Bay Area.
A startup called Move Loot is trying to do the same for that dresser-on-the-curb scenario — while making a dent in the 10.8 million tons of furniture what winds up in landfills every year.
Move Loot, a Y Combinator alum from the last Winter batch has been growing about 40 percent month-over-month since it launched earlier this year and it announced that it has raised a $2.8 million seed round.