LAPS is a Montreal-based company specializing in the recommerce of pre-owned sports equipment, particularly golf and cycling gear. Established in 2006, LAPS operates platforms such as Golf Avenue, Golfbidder, and Cycling Avenue, facilitating the buying, selling, and trading of used sports equipment. The company's mission is to extend the lifecycle of products by providing a seamless second-hand e-commerce experience, thereby promoting a circular economy.
Key Strategic Focus
LAPS focuses on enhancing the recommerce experience for sports enthusiasts by offering professional services including pickup, inspection, refurbishing, storage, marketing, and resale of used products. By leveraging advanced technologies, LAPS aims to provide a cutting-edge buying and selling experience, making second-hand shopping as effortless as purchasing new items.
Financials and Funding
As of 2024, LAPS has an estimated annual revenue of $22.7 million, with a revenue per employee of approximately $210,000. The company has experienced a 10% growth in employee count over the past year, bringing the total number of employees to 108. In February 2022, LAPS secured $16 million in funding, contributing to its expansion and technological advancements.
Technological Platform and Innovation
LAPS employs a suite of technologies to streamline its operations and enhance user experience. The company's tech stack includes Cloudflare CDN for content delivery, Google Hosted Libraries, Statamic for content management, and Laravel as a web framework. These technologies support LAPS's commitment to providing a seamless and efficient platform for buying and selling pre-owned sports equipment.
Leadership Team
- Pierre-Luc Laparé: Co-Founder, President, and Chief Executive Officer.
- Marc-Antoine Bovet: Co-Founder.
- Mathieu Dubuc: Director of Finance.
This leadership team brings a wealth of experience in e-commerce, finance, and business development, driving LAPS's strategic initiatives and growth.
Competitor Profile
In the recommerce sector, LAPS faces competition from companies like The Golf Warehouse and Rock Bottom Golf, both specializing in the sale of golf equipment. These competitors offer similar platforms for purchasing pre-owned sports gear, challenging LAPS to continuously innovate and enhance its services to maintain a competitive edge.
Strategic Collaborations and Partnerships
LAPS has established partnerships with various stakeholders in the sports equipment industry to expand its inventory and reach. By collaborating with manufacturers, retailers, and refurbishing experts, LAPS ensures a diverse and high-quality selection of pre-owned products for its customers.
Operational Insights
LAPS's strategic positioning in the recommerce market is bolstered by its comprehensive service offerings and technological infrastructure. The company's commitment to sustainability and the circular economy resonates with environmentally conscious consumers, providing a distinct competitive advantage.
Strategic Opportunities and Future Directions
Looking ahead, LAPS aims to expand its platform offerings to include a wider range of sports equipment, catering to a broader audience. Investing in advanced technologies such as artificial intelligence and machine learning for product recommendations and pricing strategies is also on the horizon. Additionally, exploring international markets presents an opportunity for growth and increased market share.
Contact Information
- Website: www.laps.com
- LinkedIn: LAPS LinkedIn Profile
LAPS's headquarters are located in Montreal, Quebec, Canada.
