Returnal Ltd, a technology-driven platform that empowers retailers to manage their secondary markets, has successfully closed a €350,000 funding round. Led by SFC Capital and supported by British Business Investments alongside three angel investors, this investment marks a major step forward for the company. The investment will enable Returnal to accelerate product development and expand its offerings. By making trade-ins more convenient and profitable, the company aims to support retailers in adopting sustainable practices while increasing customer engagement and revenue.
A seamless trade-in ecosystem
Founded by Jake Margiotta and Luke Davies, Returnal provides an integrated solution that allows retailers to accept pre-owned products in exchange for store credit. This model helps businesses source high-quality used stock, foster customer loyalty, and minimize waste.
Bridging the gap between ESG and finance
Returnal's platform creates a direct link between sustainability efforts and financial performance. By addressing Scope 3 emissions and offering a revenue-generating trade-in programme, the company provides a practical solution for brands looking to meet their environmental goals while maintaining profitability.
Strategic partnerships in place
Returnal has already launched partnerships with leading retailer Downtown and the power tool trade-in platform ToolGang. Downtown customers can trade in small domestic appliances for store credit, while ToolGang allows DIYers and professionals to exchange used tools, ensuring these valuable items stay in circulation.
Future expansion plans
With fresh funding secured, Returnal plans to enhance its platform capabilities, expand retailer partnerships, and scale operations. The company is committed to making trade-ins the default option for retailers aiming to drive revenue while leading in sustainability.
Market
Trade-in
Repair
Refurbishing
