Returnal Ltd, a tech-driven platform enabling retailers to take ownership of their secondary markets through seamless trade-in solutions, has successfully closed a £300,000 funding round. The round was led by SFC Capital with additional backing from British Business Investments and three angel investors.
This investment will enable Returnal to accelerate product development and enhance its offering, making sustainable retail more convenient and profitable for both retailers and consumers. The company has already secured strategic launch partnerships with leading retailer Downtown and the innovative tool trade-in platform ToolGang, marking significant progress in its growth trajectory.
Founded by Jake Margiotta and Luke Davies, Returnal provides a plug-and-play solution that allows retailers to accept pre-loved products from customers in exchange for store credit. By simplifying trade-ins, the platform helps retailers source high-quality used stock from domestic circulation, increase customer loyalty, drive revenue and reduce waste.
Returnal’s white-label trade-in platform bridges the gap between ESG and finance teams, delivering measurable impacts on Scope 3 emissions while generating revenue. The combination of sustainability, convenience and commercial appeal supports brands looking to engage with future generations of sustainability-conscious consumers.
