Narchie Raises £475K in Pre-Seed Funding

Harriet Wetton

Narchie, a UK-based social marketplace app dedicated to homeware, raised £475K in Pre-Seed funding.

The round was led by Episode 1 Ventures with participation from Simon Murdoch, Damien Lane and Adrian Lloyd.

The company intends to use the funds to grow the product, engineering and community support teams.

Led by Harriet Wetton, Narchie is a social marketplace app for homeware set to launch at the end of the Summer with a waitlist of over 5,000 users. The app will enable users to create a shoppable profile that suits their individual aesthetic; listing items on a moodboard-style scrollable profile feed. The explore page will show items and posts based on what each user likes, whilst highlighting posts from those with high engagement, and profiles similar to accounts they follow. Users can also search for specific items, sellers, styles and more, all in one place. To sell, upload and list items, the app will charge sellers a 10% fee on the total listing amount, including shipping costs.

FinSMEs

24/08/2021