On May 10th, Wethenew, a French online platform that started out as a reseller of limited-edition sneakers, announced that it has secured €20 million in Series B funding. The funding round saw participation from French investment funds Singular, C4 Ventures, Chalhoub Ventures & Acquisitions, as well as other angel investors.
Founded in 2018 by street culture enthusiasts Michael Holzmann and David Benhaïm, Wethenew initially focused on the resale of limited-edition sneakers. They employed a specific algorithm to analyze the selling prices of all sneaker retailers and standardized t …
