Fleek

Fleek, a B2B marketplace and AI infrastructure provider for the global secondhand clothing industry, has successfully closed a Series B funding round, raising £18.75 million ($25 million).

Summary of transaction details:

• Value: £18.75 million
• Sector: DeepTech & AI, Fashion Technology
• Advisor: None mentioned
• Key Entities: Target: Fleek; Lead Investor: Burda Principal Investments; Participating Investors: eBay, FJ Labs, H14, Andreessen Horowitz, HV Capital, Y Combinator.
• Location: Not explicitly stated for target/investors' HQs, but Fleek operates globally and its technology is deployed across multiple continents.

Note: This funding round is set to accelerate the development of Fleek's AI-native marketplace, expand its engineering teams, and scale its technology platform to digitize and improve efficiency within the manual and fragmented secondhand fashion supply chain.