VIPC’s Virginia Venture Partners Investment in Aravenda Supports Continued Growth of Sustainable Resale Technology

Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), today announced an additional investment in Vienna, Va.-based Aravenda, provider of a cloud-based software to take sustainable resale, consignment and thrift stores, global. Since VIPC’s initial investment in July 2021, Aravenda’s accomplishments include doubling their revenue, quadrupling their number of multi-location users and expanding their reach through 17 countries. Aravenda recently updated their solution to meet the needs of the sneaker resale market, valued at $80 billion.

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Since 2018, Aravenda has been at the forefront of consignment software innovation, helping thousands of resale shops across the globe manage millions of consignors and billions in inventory. Designed to be fully mobile and highly customizable, Aravenda supports every kind of consignment business—from furniture and fashion to sneakers, antiques, trading cards, luxury goods and more. No matter what you resell, Aravenda offers a flexible, scalable solution tailored to your unique business needs.
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