BoxFox
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$40.0k | Seed | ||
N/A | - | ||
N/A | $50.0k | Early VC | |
N/A | $1.0m | Seed | |
Total Funding | €991k |
Recent News about BoxFox
EditBoxFox is a B2B marketplace designed to help independent retailers sell their excess inventory through an auction-based platform. The company operates in the surplus inventory market, providing a solution for retailers who need to turn underperforming stock into cash. BoxFox serves small retailers and authorized resellers, ensuring that all transactions involve items in new condition. The business model revolves around auction-type bidding, where buyers place competing bids, ensuring sellers get the best possible price. BoxFox makes money by taking a commission on each transaction facilitated through its platform. The platform also manages payments and shipping, holding funds in escrow until the buyer receives and reviews the shipment, ensuring a secure and trustworthy transaction process.
Keywords: B2B marketplace, surplus inventory, auction platform, independent retailers, authorized buyers, secure escrow, managed shipping, new condition items, competitive bidding, inventory liquidation.