BuyWander, a startup based in Spokane, Washington, has recently secured $2 million in seed funding to support its expansion to the Seattle area. The company, founded by co-CEOs Jordan Allen and Brock Kowalchuk, aims to give new life to retail returns by offering them to consumers at discounted prices.
In an effort to prevent returned goods from ending up in landfills or sitting in warehouses, BuyWander uses AI and other technologies to scan and identify thousands of products that are in new or like-new condition. These items are then sold through an online auction marketplace, where shoppers can browse and purchase items ranging from air fryers to Apple Watches.
BuyWander recently announced its plans to open a 30,000-square-foot warehouse space in Kent, Washington, on June 1st. The company currently operates out of a facility in Spokane and has seen significant growth since its launch in February 2024. With a focus on providing affordable, high-quality products to everyday Americans and small resale businesses, BuyWander has quickly gained traction in the market.
The startup has already surpassed 10,000 registered users at its Spokane location, with revenue in March reaching $370,000. Website page views exceeded 1 million that month, with an average order value close to $80. BuyWander is now processing six semi-trucks of merchandise per week, indicating strong demand for its offerings.
The seed funding round was led by Triple Impact Venture, with participation from Animal Capital, Data Tech Partners, Vinay Menda, Quiet Capital, Maria Routimine, Eric Klein, James Dorman, and Tom Simpson. With the support of these investors, BuyWander is poised for continued growth and success as it expands its operations to the Seattle area.
As consumers continue to navigate challenges such as tariffs on new inventory, BuyWander believes that there will be a growing demand for returned goods. By providing a platform for consumers to access affordable products while reducing waste, BuyWander is making a positive impact on both the environment and the retail industry.
