Company type | Private |
---|---|
Industry | E-commerce, Furniture, Retail |
Founded | 2013 |
Founders | Bill Bobbitt (CEO) Jenny Morrill (CMO) Ryan Smith (CTO) and Shruti Shah (COO) |
Defunct | July 2016 |
Headquarters | San Francisco, CA |
Areas served | San Francisco Bay Area Raleigh-Durham, NC Charlotte, NC Atlanta, GA New York, NY Los Angeles, CA |
Website | www |
Move Loot was a company and online marketplace for the buying and selling of secondhand (used) furniture. [1] Move Loot was headquartered in San Francisco, CA. [2] Move Loot served the following markets: San Francisco Bay Area, New York, New York, Los Angeles, California, Raleigh, North Carolina, Durham, North Carolina, Charlotte, North Carolina and Atlanta, Georgia. [3]
Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process. [4] The company assessed furniture prior to posting it, and had minimum standards for style and quality. [1] Move Loot earned 50% of the selling price when items were sold. [1] Part of the company's business paradigm was for less furniture to be sent to landfills and to increase the length of time furniture was used. [5]
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Move Loot was founded by Bill Bobbitt (CEO), Jenny Morrill (CMO), Ryan Smith (CTO), and Shruti Shah (COO). [6] It launched in 2013. By October 2015, the service had 12 partnering retailers, 150 movers, and 100,000 users. [7]
Move Loot was backed by First Round Capital, Index Ventures, Google Ventures, Metamorphic Ventures, and others. [8] As of November 2015, Move Loot had received $21.8 M in funding. [9] It ceased operations in July 2016. [10]
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We're sorry to announce that as of today the Move Loot marketplace is coming to an end and we have ceased operations.