Photo: Laconia Capital Team with LiquiDonate Founder and CEO Disney Petit
LiquiDonate, a climate-tech company that helps retailers sustainably manage unsellable returns and excess inventory, has raised a $3.75 million seed round, contracted with over 100 retailers and brands, and seeks to double its brand count by the end of 2024.
LiquiDonate has acquired cutting edge customers like Williams-Sonoma, Room & Board, Tuft and Needle, Liquid Death, Luxome, Baggu, and more, all who want to do right by the environment and their reverse logistics teams. Liquidonate has also launched subscription pricing and simplified the donation of pallets, boxes, and oversized items from the retailers warehouse or the customer’s home anywhere in the United States, making LiquiDonate an even bigger value add than before.
“In addition to products that our traditional donation partners accepted in the past, LiquiDonate has been able to find homes for items we were unable to donate in the past. Items such as retired store fixtures, incomplete pieces, etc. Their amazing staff and tech platform make it very easy for companies to do the right thing. We could not be more pleased with our partnership." Room&Board, Retail Partner
On average, LiquiDonate retailers and brands see a decrease in shipping cost of 60% and a reduction in distance traveled by 93% and a 100% elimination of handling and processing fees previously paid for unsellable inventory to just be tossed for landfill or incineration.
This latest round was led by Laconia Capital Group with participation from Uncork Capital, Kapor Capital, Ganas Ventures, Maccabee Ventures, Graham and Walker, The Bond Fund, Gaingels, and more.
LiquiDonate Founder and CEO Disney Petit shared, “The syndicate that has come together for this round is ideal. We are excited to have strategic players around the table to help accelerate our growth with this funding.”
Next up for LiquiDonate is to continue integrating their easy-to-use API, known as Magic Matches, in all returns management softwares (RMS), warehouse management tools, resellers, and retail website backends to instantly match all unsellable returns from customer’s homes nationwide. Integrations are already complete or in the works for Loop Returns, ReturnGo, Two Boxes, FloorFound, Returned.com, Manifest, Packsmith, Gradible, and more.
LiquiDonate is honored to be a corporate partner for large nonprofit organizations like the American Red Cross and Feed the Hungry, alongside thousands of local organizations doing life-changing work including Berkeley Humane, The Wright Cause Urban Youth Conservation, and The Education Partnership.
"LiquiDonate is a fantastic service! We obtained a piece of furniture that a local design business no longer needed. The item is well-built and beautiful. We could not have justified purchasing an item like this given our limited budget. We are incredibly grateful to have it and our members and students use it regularly to gather, lay out projects, and partake in a shared meal or break. It has facilitated many moments of exchange among and across our membership and between our members, students, and the public. We are so grateful!" Weavers Guild of Minnesota, Nonprofit Partner
We welcome suggested partners to connect our supply and demand networks and reduce unnecessary waste in every community. Do you know a brand or retailer that could use help routing their unsellable goods to the right place? Please have them book a demo with us today! Do you know a nonprofit organization that could use physical in-kind donations or new and like new items? Please have them sign up here today!
