The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!

When thinking of buying and selling your old (Ikea?) furniture, a mild feeling of nausea and immediate desire to hide in a corner are likely your first reactions, no?

Luckily, brand new Y Combinator alumnus Move Loot just raised about $2.5 million to help make the process much, much smoother for everyone involved.

The company filed today a Form D with the U.S. Securities and Exchange Commission. Move Loot has raised so far just under their goal of $2.5 million from 15 investors, and the first sale occurred on March 31, just days after they presented at Y Combinator’s Demo Day.

In short, Move Loot is like a furniture consignment service for the digital age. Sellers upload pictures and details, Move Loot picks up the items, then takes care of listing them on their marketplace, arranging deliveries to buyers and sending the sellers’ money right back to them. Sellers make 50 percent of the listing price.

Move Loot currently picks up furniture within a 15-mile radius of San Francisco and delivers within a 20-mile radius of the city. It also does not accept certain items, including mattresses, electronics, curtains, and others.

We have reached out to the company and will update with a comment.

Move Loot was founded in 2013 by Bill Bobbitt, Jenny Karin Morrill, Shruti Shah, and Ryan Smith and partcipated in Y Combinator’s Winter 2014 class.



VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member