Munich-based marketplace for pre-loved luxury designer bags Saclàb has raised €1.6 million in a seed funding round. The dosh is aimed at scaling the fledgling company’s tech infrastructure as well as bolster HR and marketing activities as it preps for a US market launch.
The €1.6 million confetti was provided by Estonia’s Trind Ventures and Germany’s G-Fund.
Founded prior to the great stay-at-home, since 2018 Saclàb has been grinding away at establishing a client network across some 20 countries, all aimed at the organised buying and selling of “waitlist bag”, i.e. those that are often deemed impossible to get ones hands on.
In the summer of 2022, the startup landed a whale, selling a coveted Hermès Birkin 20 Faubourg Sous La Neige bag, for what the company claims to be the most expensive handbag ever listed in Germany at €265,000.
Now stowing €1.6 million in die Tasche, Saclàb is setting its sights on the US market.
“We are planning our soft launch in the US this year and creating an online storefront. Besides that, we have many UX/UI improvements coming up to make the selling and buying experience even more smooth and fun,” commented Saclàb co-founder Alexandra Stück.
On the investment Trind Ventures Partner Taavi Lepmets said, “It is the smartest marketplace we have ever seen. The team at Saclàb will go far and be an important part of the pre-loved luxury market for the industry where Europe is truly a global leader.”