Fleek, a technology company modernizing the global secondhand clothing supply chain, announced that it has raised $25 million in Series B funding to accelerate the development of its AI-powered platform and expand its global marketplace for used apparel.
Founded in 2021 by Abhi Arora and Sanket Agarwal, Fleek is tackling inefficiencies in the secondhand clothing industry, where more than 24 billion garments move through the global supply chain every year. Despite growing consumer demand for pre-owned clothing, much of the industry continues to rely on manual sorting, inconsistent grading standards, fragmented offline trading networks, and limited pricing transparency.
The company initially built a B2B marketplace that connects verified secondhand clothing wholesalers with retailers around the world. Fleek has since expanded its platform with artificial intelligence that can identify, grade, and price garments within seconds using smartphone photos, helping buyers and sellers conduct transactions more efficiently and consistently.
Today, Fleek’s marketplace connects approximately 2,000 verified suppliers with more than 50,000 retailers across more than 100 countries. Its AI models have been trained on four years of marketplace data and are already deployed in sorting hubs across Pakistan, India, and Dubai. The company is also running pilot programs in Europe and the United States as it expands internationally.
According to the company, its largest supply partner processes roughly 600,000 pounds of clothing every day, highlighting the scale of the opportunity for AI-driven automation within the secondhand apparel ecosystem.
Fleek plans to use the new funding to further develop its AI-powered garment sorting technology, expand its engineering organization, and grow its global network of buyers and sellers as demand for secondhand clothing continues to rise.
