Galaxy (shopgalaxy.com) is proud to announce it has raised $7 million to help build the future of fashion resale. The funding comes from Floodgate, Snap Inc’s Yellow Accelerator, RGH Capital, Turner Novack’s Banana Capital, and Homebrew, among others.
Galaxy makes it easy for everyone from Gen Z bedroom entrepreneurs to thrift shops to run their own businesses and recruit new customers. For buyers, Galaxy provides a new way to shop that lives at the intersection of entertainment and social.
Galaxy is rattling the industry landscape by creating a truly social, entertainment-geared shopping experience with sustainable fashion at its core. Across resale sites and overseas influencer-hosted fashion sales platforms, young sellers are expressing a desire for real-time, fully interactive shopping. With Galaxy, shoppers can have conversations while buying, allowing them to make higher quality decisions and understand the stories behind items.
While other marketplaces are structured with 99% of sales coming from search, Galaxy relies on machine learning and human curation to drive discovery. “We believe in the power of machine learning to help you discover things that are perfect for you,” says Co-Founder and CEO Danny Quick. “We build entertaining and engaging experiences which generate explicit data where users tell us what they like by interacting with our product.
“Our goal is to build an enduring public company that can have an impact on how people around the world shop. We’re aiming to be the place to refresh your wardrobe a few times a year, at an accessible price point, in a sustainable way,” says Danny.
As the retail landscape continues to shift, a growing appetite for sustainability has caused fashion resale to skyrocket in popularity. Galaxy is working to propel the movement toward sustainable fashion, proving that purchasing used can mend the environment while augmenting human connection.
With this funding achievement, Galaxy plans to continue to impact online resale with new, user-friendly features and increased opportunities for creators to feel empowered and earn a living on their own terms, in their own time.
ABOUT GALAXY
Galaxy is a fashion resale marketplace focused on discovery and curation. Galaxy enables sellers to interact directly with their followers, creating opportunities for entrepreneurship and a better buying experience.
Galaxy is focused on creating meaningful value for entrepreneurs. Galaxy is backed by Snap Inc’s Yellow Accelerator, RGH Capital, Homebrew, Floodgate, and other top tier venture capital firms and angel investors. Galaxy is available on the web and iOS. To shop or start selling, please visit shopgalaxy.com.
