
Youzd
Marketplace for second-hand furniture and home appliances.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
* | N/A | €2.4m | Seed |
Total Funding | 000k |
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Youzd is a French online marketplace for second-hand home goods, including furniture, appliances, and decor. The company was founded in Paris in 2020 by Ilfynn Lagarde and Frederic Leroy. The idea originated in 2019 when Lagarde, inspired by the growth of platforms like Vinted for clothing, experienced difficulties buying and selling second-hand furniture without a car in Paris. The website was launched in May 2020.
Youzd's platform is designed to facilitate the entire process of buying and selling used items for the home. For sellers, posting an ad is free. They can set a price range and a deadline, and the platform's algorithm adjusts the price as the deadline approaches to ensure a sale at a fair price. For buyers, the platform offers an experience similar to a traditional e-commerce site, with integrated logistics for delivery, which is a key service for bulky items. The company partners with professional movers and utilizes services that use empty space in trucks already on the road. To build trust and security, Youzd offers a 14-day return policy, secure payments with installment options, and a customer service team available seven days a week. For appliances, it also provides an optional video troubleshooting service.
The company's business model is based on a commission fee paid by the buyer, which is included in the displayed price of the item. Youzd targets individuals, particularly women in urban areas who may not own a vehicle, as well as professional sellers, such as those in the social and solidarity economy offering reconditioned appliances. Since its launch, the platform has registered thousands of users and tens of thousands of listings. The company has raised funds through angel investors and equity crowdfunding, with a notable round in November 2023.
Keywords: second-hand furniture, used home appliances, circular economy, online marketplace, e-commerce, reconditioned goods, sustainable consumption, peer-to-peer, logistics service, home decor