offe market has raised $3.0M in seed funding. The company runs an off-price marketplace where everything is discounted up to 80% off, all the time.
It works by buying excess inventory from brands at a discount and passing the savings to customers. The focus is on Millennial and Gen Z favorites like Baggu and Lisa Says Gah - labels you won't find at traditional off-price retailers. The company also frames the model as a way to keep clothing out of the waste stream: millions of pounds of apparel get thrown away each year, and offe market says it works with its brands to ensure more clothing is worn, not wasted.
