Tings
An app where users can fix, sell and take care of their things with the help of AI.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | NOK13.0m | Seed | |
| Total Funding | 000k | ||
| NOK | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 39735 % | (83 %) |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (437837 %) | (1254 %) | (10459 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Based in Oslo, Norway, Tings operates as an online platform for second-hand consumer goods. The company was founded in 2020 and provides a marketplace for users to sell pre-owned items across various categories, including electronics, stationery, and automobiles.
The Tings application is designed to help users track their belongings, with the goal of encouraging longer use and simplifying the resale process. For retailers, Tings offers a webshop plugin that displays the future second-hand value of products, aiming to improve conversion rates for durable goods. The company has not announced any funding rounds.
Tings positions itself in the circular economy, competing with other online classifieds and second-hand marketplaces. The platform's business model centers on facilitating consumer-to-consumer sales of used products.
Keywords: second-hand marketplace, online classifieds, circular economy, consumer-to-consumer sales, used goods platform, resale app, pre-owned products, sustainable consumption, Tings Norway, online resale