{"id":2693,"date":"2022-10-02T10:44:00","date_gmt":"2022-10-02T17:44:00","guid":{"rendered":"https:\/\/blog.trendsi.com\/?p=2693"},"modified":"2024-05-03T10:53:32","modified_gmt":"2024-05-03T17:53:32","slug":"trendsi-raises-25m-to-help-solve-supply-chain-and-inventory-risks-for-retail-businesses","status":"publish","type":"post","link":"https:\/\/www.trendsi.com\/blog\/trendsi-updates\/trendsi-raises-25m-to-help-solve-supply-chain-and-inventory-risks-for-retail-businesses\/","title":{"rendered":"Trendsi raises $25M to help solve supply chain and inventory risks for retail businesses"},"content":{"rendered":"\n
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When the Pandemic hit, many retail businesses filed for bankruptcy, whereas many others thrived by moving online. Trendsi was born during the Pandemic and aimed to make it easy for retailers to start their online businesses and build their own brands. There were many who couldn’t believe Trendsi was a free service built for them and initial resistance due to the stigma surrounding the dropship experience at the time. However, Trendsi soon took hold when, within a few clicks, retailers can choose their products from a curated B2B marketplace and port the product details: stock photos, description, product measurements, and price to their storefront. When they make a sale, Trendsi will take care of all the logistics – branded invoices, packing products, and shipping to consumers in the name of these boutique stores.<\/p>\n\n\n\n

Yesterday<\/strong> marked Trendsi’s 2-year anniversary<\/strong><\/p>\n\n\n\n

Along with this milestone, we are happy to announce that we have closed our Series A round with $25 million, bringing our total capital raised to $30 million. Funding was led by Lightspeed Venture Partners, with strong participation from new and existing institutional investors, including Basis Set Ventures, Footwork VC, Peterson Ventures, Sierra Ventures, Liquid 2 Ventures, and a group of founders & operators – including Zoom CEO Eric Yuan, former COO of StitchFix Mike Smith, Zola CEO Shan-Lyn Ma, Logitech CEO Bracken Barrell, former COO of Yelp Geoff Donaker, former President of Instacart Nilam Ganenthiran, Joe Mantana \u2013 among others.<\/p>\n\n\n\n

Trendsi was founded by CEO, Ella Zhang, along with co-founders Sherwin Xia, Maddie Davidson, Owen Ma, and Wayne Chen, forming a team of e-commerce and supply-chain operators from Stanford, Google, Alibaba, SHEIN, Rakuten, JD, and more, with the mission to empower modern retail businesses by providing quality inventory, dropship, and back-end infrastructure.<\/p>\n\n\n\n

We’ve Got Your Backend<\/strong><\/p>\n\n\n\n

Scaling a retail business requires ample resources and a compelling product assortment with significant margins. Trendsi\u2019s supply chain technology and vast, on-trend inventory give retail businesses the infrastructure they need to do it with ease.<\/p>\n\n\n\n

One of the biggest challenges that both manufacturers and retailers face is inventory problems. In the traditional B2B world, manufacturers don\u2019t know how much they should produce. Manufacturing too much leads to excess inventory & waste, and manufacturing too little leads to missed sales opportunities. On the retailer side, there is the upfront risk of buying wholesale and the inability to quickly expand product categories. Excess inventory could also result in waste and crush the business.<\/p>\n\n\n\n

Trendsi offers risk-free inventory solutions through our dropship service. The original upfront risk of buying inventory is now shared among retailers, the Trendsi platform, and the manufacturers. In an uncertain economy \u2013 with inflation soaring and a recession looming \u2013 Trendsi not only help independent retailers to start and scale their businesses but also enable established brands to obtain better margins and optimize cash flow.<\/p>\n\n\n\n

Our Focus<\/strong><\/p>\n\n\n\n