Loveseat.com is a thriving local online auction marketplace in San Diego & Los Angeles. Today we are selling over 2,000 pieces of furniture and decor on a monthly basis. We are raising money to scale up our operations in our current markets as well as to expand geographically, ultimately to every city in the United States.
- Selling 500+ pieces of furniture each week.
- 96% of items sell in 1 week at an average price of $55.
- Solid founding team - Wharton / Venmo (exit) / Ticketleap (exit).
- 61% of bidders repeat monthly.
- Take rate is 68% of Gross Merchandise Sales.
- Market opportunity north of $1b annually.
- Nearly 25% of consignors have participated in 3+ auctions.
- 1500+ bidder registrations monthly.