Trove Acquires Reverse Supply, Expands European Footprint
Deal News | Apr 18, 2025 | Aim Group
Trove, a company specializing in providing technology platforms for fashion brands to sell used items, has acquired Reverse Supply, a resale company based in Germany. The acquisition is part of Trove's strategy to enhance its presence in Europe, providing a comprehensive set of technology solutions for brands committed to circular solutions. With new headquarters in Berlin, Trove aims to support brands in navigating European legislation changes, focusing on resale, repair, and recycling programs. The acquisition also brings Reverse Supply's European partners into Trove's client list. Trove, headquartered in California, is actively expanding its operations internationally, following its acquisition of Recurate last year and securing significant funding rounds.
Sectors
- Fashion and Apparel
- E-Commerce
- Sustainability
Geography
- Germany – Reverse Supply is based in Germany, and Trove has established its European HQ in Berlin.
- United Kingdom – Trove has expanded its capabilities and partnerships in the UK as part of its European growth strategy.
- United States – Trove is based in Brisbane, California, and operates on an international scale from its US headquarters.
Industry
- Fashion and Apparel – The acquisition involves companies that provide technology platforms for resale in the fashion industry.
- E-Commerce – Trove offers e-commerce solutions for selling used fashion items, including trade-ins and marketplace integrations.
- Sustainability – The deal focuses on circular economy solutions like resale and recycling, which are aligned with sustainability initiatives.
Financials
- $77.5 million – Trove's Series D investment secured in 2021.
- $30 million – Trove's Series E investment round secured in 2023.
Participants
Name | Role | Type | Description |
---|---|---|---|
Trove | Acquirer | Company | A California-based company helping brands to manage and scale resale programs. |
Reverse Supply | Target Company | Company | A Germany-based resale company with expertise in the European market. |
Bergzeit, Decathlon, Armedangels, Hessnatur, and 10Days | Clients | Company | Reverse Supply's European partners who will gain access to Trove's technologies. |