Beebs, the French platform for second-hand children's items, has raised €6 million in a funding round led by ISAI, Citizen Capital, and Japanese group Mercari. Launched in 2020 by Morgan Hilmi and Arsène Huot, Beebs has developed a mobile application for buying and selling second-hand children's equipment, clothing, and furniture. The platform offers more than one million second-hand items for children aged 0-14 and has already convinced one million parents in France and Belgium. Beebs aims to provide an alternative to buying new children's products, promoting sustainability and sharing. The funding will allow Beebs to improve its platform.
ISAI is a French venture capital firm that invests in early-stage technology startups. Citizen Capital is a French private equity firm that invests in companies with a positive social and environmental impact. Mercari is a Japanese e-commerce company that operates a marketplace for buying and selling second-hand items.
The market for second-hand children's items has been growing in recent years, as parents seek more sustainable and affordable options. According to a report by ThredUp, the resale market is expected to reach $77 billion by 2025, up from $36 billion in 2021. Beebs is well-positioned to capitalize on this trend with its user-friendly mobile app and extensive selection of second-hand items.
Beebs plans to use the funding to expand its product offerings and enhance its technology. The company is also exploring new markets, with plans to expand into other European countries in the near future. With the support of its investors, Beebs is poised for continued growth in the fast-growing market for sustainable children's products.