Beebs, a French startup founded in 2020 by Arsène Huot and Morgan Hilmi, has raised €3m in a funding round led by Isai and Citizen Capital. The company offers a mobile application for buying and selling second-hand baby clothes and accessories, as well as a community space for users to exchange and help each other out. Beebs earns revenue by taking a commission on each transaction.
The funding will allow Beebs to expand the number of categories and products available on its platform, develop its website, and increase its marketing budget. The company also plans to grow its team with new hires.
Isai is a French venture capital firm that invests in early-stage technology startups. Citizen Capital is a French private equity firm that focuses on socially responsible investments.
Beebs is entering a competitive market, with other well-established players such as Vinted and Leboncoin also offering second-hand children's items. However, the company's focus on community and its mobile-first approach may help it stand out in the crowded space.
The market for second-hand children's items is growing, as more consumers look to reduce waste and save money. Beebs aims to tap into this trend with its user-friendly mobile app and community features.
Beebs' recent funding round will give the company the resources it needs to expand its platform and compete in the fast-growing market for second-hand children's items.