Dubai-based HasUsed Secures $3.8 Million to Develop Second-Hand Marketplace
Dubai startup HasUsed raised $3.8 million via FasterCapital to expand its verified second-hand products marketplace, focusing on sustainability and AI-powered reviews. This funding will accelerate platform development and market reach for a sustainable e-commerce model.
Dubai-based startup HasUsed has successfully completed a $3.8 million funding round through FasterCapital. The investment will be used to further develop its online marketplace for verified second-hand products. This platform aims to address trust issues in the pre-owned goods market by integrating AI-powered verification and user reviews.
The funding underscores growing investor interest in sustainable e-commerce solutions and circular economy models within the UAE. HasUsed's focus on product verification and user confidence positions it to capture a significant share of the rapidly expanding second-hand market.
FasterCapital, an online incubator and accelerator, facilitated this investment, highlighting its role in supporting emerging startups in the region. The capital injection will enable HasUsed to enhance its technology, scale operations, and broaden its product offerings.