BuyWander Expands with $2 Million Seed Funding
Deal News | May 20, 2025 | Aim Group
BuyWander, an online auction retailer based in Spokane, Washington, has raised $2 million in seed funding to support its expansion within the state. The funding round was led by Triple Impact Capital. BuyWander's business model focuses on reimagining the recommerce trend by processing and reselling returned items that are still suitable for sale, including electronics, kitchenware, and toys. Instead of these products occupying warehouse space or being disposed of, BuyWander employs AI and other technologies to determine which items can be reintroduced to the market. The company conducts online auctions where bidders compete for these returned products and collect their purchases directly from BuyWander's facilities. With this new capital, BuyWander plans to open a new 30,000-square-foot warehouse in Kent, Washington. The company, which launched 15 months ago, recently marked a milestone with its 10,000th registered user.
Sectors
- E-commerce
- Technology
- Supply Chain & Logistics
Geography
- United States – BuyWander is based in Spokane, Washington, and plans to expand within the state, making the United States the primary geographical frame of reference.
- Washington – BuyWander's operations and planned expansion, including a new warehouse in Kent, are focused within the state of Washington.
Industry
- E-commerce – BuyWander operates as an online auction retailer, which is a part of the e-commerce industry. Their platform involves reselling returned goods, a growing niche within the sector.
- Technology – The use of AI and other technologies by BuyWander to sort and resell products directly relates to the technology industry, showcasing innovation in ecommerce operations.
- Supply Chain & Logistics – The logistical operations of handling returned items and organizing warehouse storage are integral to BuyWander's business model, relating it to the supply chain and logistics industry.
Financials
- $2 million – The amount of seed funding raised by BuyWander to fuel its expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BuyWander | Target Company | Company | An online auction retailer specializing in reselling returned items using advanced technologies. |
| Triple Impact Capital | Investor | Company | A private equity firm leading the $2 million seed funding round for BuyWander. |