US-based online resale services provider Yerdle has secured $20m in series C funding from investors including Prologis Ventures, a subsidiary of industrial warehouse builder Prologis, Fortune has reported.
Family office Three Cairns Group also invested, as did Commerce Ventures, Prelude Ventures, Claremont Creek Ventures, DGNL Ventures, Lybra and The Westly Group.
Yerdle runs online resale activities for fashion brands looking to unload excess inventory. It provides a white-label e-commerce platform that can connect to a customer’s website and also oversees logistics on their behalf.
The company received $5m in a 2014 series A round featuring The Westly Group, Claremont Creek Ventures, Prelude Ventures, Mindful Investors and DBL Investors, and added $9.6m in series B funding the following year according to a regulatory filing.
