Returnal has secured £300k in pre-seed funding led by SFC Capital to accelerate product development.
SFC Capital led the pre-seed round, with backing from British Business Investments and angel investors, to support product development and scaling.
Returnal provides a white-label trade-in platform that enables retailers to manage secondary markets and accept pre-loved products for store credit. The company aims to help brands reduce waste and engage sustainability-conscious consumers.
Returnal has secured £300k in a pre-seed funding round led by SFC Capital, with additional participation from British Business Investments and three angel investors. The capital will be used to accelerate product development, enhance platform capabilities, expand retailer partnerships, and increase operational capacity.
Founded by Jake Margiotta and Luke Davies, the company provides a plug-and-play trade-in solution allowing retailers to accept used products in exchange for store credit. Returnal has already established strategic partnerships with Downtown and ToolGang to deploy its technology in practice.
From the founder
"At Returnal, we believe the sustainable choice should also be the most convenient choice."
Jake Margiotta
CEO at Returnal
Use of funds
- 01Continue product development
- 02Scale operations
Investors
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About the company
Returnal
Returnal provides a white-label trade-in platform that empowers retailers to manage secondary markets and accept pre-loved products.