Tilt Secures $26M to Fortify Its Position Against Whatnot Expansion
Tilt, the London-based live-auction app founded by two early Revolut employees, has raised $26 million in fresh funding. Vinted Ventures is on board as a new investor, joining existing backers TQ and others.
This move comes in response to the growing threat posed by Whatnot's expansion into Europe, specifically targeting Vinted's resale base.
The Next Web has more details on this story.
Tilt's recent $26 million funding round from Vinted Ventures represents more than just a financial boost; it's a strategic maneuver to counter Whatnot's aggressive European expansion. With the backing of a new investor focused on resale platforms, Tilt aims to solidify its position in the live-auction space. This investment comes at a pivotal moment, as the company prepares to compete directly with Whatnot's growing market share. The funding will be allocated to enhance technology, improve user experience, and potentially expand into new markets, ensuring Tilt remains a formidable player in the live-commerce realm. Read the full article
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