We are excited to announce that we have led a $3.75M seed round for LiquiDonate. Investing alongside us are Uncork Capital, Kapor Capital, Ganas Ventures, MTV Ventures, Graham & Walker, Maccabee Ventures, and more. (Big thank you to Christopher Lee, a Venture Fellow in our Venture Cooperative program, for surfacing this opportunity!)
LiquiDonate is an innovative inventory management software for retailers' $800 billion+ problem with excess inventory. Today, retailers like Williams-Sonoma, Room & Board, Tuft & Needle, and Liquid Death use LiquiDonate to remove their excess inventory (instead of a costly and hassle-ridden liquidation process) from their overfilled warehouses seamlessly. Retailers also can take advantage of Magic Matches, LiquiDonate’s proprietary AI-powered solution to match unsellable customer returns with local organizations instantly, saving retailers at least 50% on their reverse logistics costs. Furthermore, LiquiDonate increases its customers' net revenue by decreasing fraudulent returns. On the demand side, nonprofits worldwide have about $1 trillion in unmet needs on an annual basis and there are $816 billion worth of returns. LiquiDonate’s solution is efficient, economical, and sustainable for all parties.
Prior to starting LiquiDonate, founder & CEO Disney Petit was an early employee at Postmates where she launched its first five markets and its sales team, signed its first 500 restaurants, and started its first three social impact verticals. Disney has the expertise, vision, and heart to build LiquiDonate into a category-defining company, and we can’t wait for this next stage of the journey.
If you are a retailer interested in seamlessly and sustainability managing returns and inventory, get in touch with Disney to learn more.
Learn more in Axios’ exclusive announcement here.
