Rediv in a €12 million round backed by Colam Impact, Creas Impacto and Quadia.

Rediv, Hastingues (Bayonne), France-based ecommerce operation for second hand clothing, secured a €12 million ($12.7M) equity funding round.

The money was raised from existing investors including the Swiss fund Quadia, the Spanish Creas and the French Colam Impact.

Proceeds will be used to help the company as it pivoted its business on the B2B side of it.

Patatam, founded in 2013 by Eric Gagnaire, Marieve Bidart and Mathieu Bidart, built an ecommerce business selling second-hand items for women and children. The company has 2000 collection points and 400 resale points that allowed the collection of 2.5 million pieces of clothing with 1.6 million resold back to the market. It does that via three logistics platforms in Hastinges (Landes), Morlaas (Pyrenees-Atlantic) and Cambrai (North).

Patatam previously raised almost $14 million, last round in 2021, from investors including the Duval group, West Web Valley, Swen Capital Partners, Aquiti Gestion, PG Développement, Kernel Investissements, Herrikoa and business angels.