Ruit raises €880,000 pre-seed round led by Abac Nest for second-hand selling software

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

Ruit, a Spanish company building software for professional second-hand sellers, has closed a pre-seed round of €880,000. Abac Nest, the venture arm of Abac Capital, which manages more than €800 million, led it. Angels Capital, Juan Roig's investment company, joined, along with Decelera, Successful VC and a group of strategic business angels. ENISA added a participative loan, the non-dilutive kind, which is the public sector's way of helping without asking for a slice.

The pitch is that selling used goods professionally involves a surprising amount of admin. Ruit's software puts sourcing, inventory, listing on several channels at once, dynamic pricing, messaging, orders, accounting and analytics in one place, and automates much of it. The company cites an estimate that goods worth between $4 trillion and $5 trillion go to waste each year. Founder and CEO Luis Grau says recommerce must feel "as simple and reliable as buying a new product" to win over consumers.

The money will go mainly to hiring, product development and sales, with the aim of strengthening Ruit's position in Spain and expanding abroad. The start-up was accelerated by Lanzadera, part of the same Juan Roig group as Angels, and also attended Decelera Menorca, a seven-day programme that the founders credit with sharpening their strategy before the round. Decelera, in turn, invested.