Move Loot, a San Francisco, CA-based platform to buy and sell used furniture online, closed a $2.8m seed funding round.
The round was co-led by First Round Capital and Index Ventures with participation from Google Ventures, SV Angel and Y Combinator (Move Loot was in the Winter ’14 batch).
The company plans to use the funds for geographic expansion (to at least two additional cities before the end of the year) and supply chain enhancements to improve the customer experience.
Led by Bill Bobbitt, Co-founder and CEO, Move Loot provides a technology platform and warehousing solution that allows sellers to photograph their furniture, upload photos and schedule a free pickup. The company collects the furniture, photographs it professionally, and posts it online for sale. Buyers choose items and pay online and schedule next-day delivery to home via movers.