Gone Raises $6.3 Million Seed Round From Investors Including Fuse And Breakwater Ventures
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Building Size
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Asset Type
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Closing
Jul 11, 2025
About this deal
AI
Gone, a Seattle-based startup, has raised a $6.3 million seed round to expand its marketplace for used goods. The transaction aims to enhance its free pickup and resale service, utilizing AI for logistics and pricing while promoting sustainability in the secondhand economy.
Summary of transaction details:
- Deal Type: Seed
- Transaction Amount: $6,300,000
- Company: Gone
- Co-founder & CEO: Yash Wagh
- Notable Investors: Fuse, Breakwater Ventures, Evergreen Gavekal, TiE Angels, Tampa Bay Ventures, OneSixOne Ventures, Jeff Hill & Bem Hoskins
Gone's mission is rooted in making it easier for consumers to part with unwanted items. With a robust backing from key investors including OfferUp co-founders Nick Huzar and Arean van Veelen, the company is positioned to leverage AI technology and a focus on sustainability to unlock value in the secondhand market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93