NEWE Company Research Report
Company Overview
- Name: NEWE (previously known as Clothify)
- Mission: NEWE enables brands to adapt their businesses to responsible consumption with a circular economy model through the online rental of products.
- Founded: NEWE was launched in 2020.
- Founders: Pablo Candau (CEO & Co-Founder) and Ramón Borruel (COO & Co-Founder).
- Key People in the Company:
- Pablo Candau, CEO & Co-Founder
- Ramón Borruel, COO & Co-Founder
- Betty Lepina, Advisor
- Clemente Hernández, Advisor
- Headquarters: Valencia, Spain
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: NEWE is known for its end-to-end service that integrates rental management and reverse logistics, allowing retailers in various sectors, such as fashion, electronics, sports, and childcare, to offer a rental service to their clients.
Products
- Products Offered:
- Rental Management Software: This software is integrated into existing eCommerce platforms to facilitate product rental, showcasing significant data.
- Logistics Management: Manages both direct and reverse logistics, as well as product storage, insurance, and quality control.
- High-Level Description of the Product:
- NEWE provides a technological and operational solution to help retailers optimize product utilization by enabling a rental service.
- Key Features:
- Quick and easy integration of SaaS in an eCommerce platform.
- Automation of direct and reverse logistics, including product cleaning and disinfection.
- "Try before you buy" option for hesitant users.
- Retains the brand's Look & Feel.
- Data analytics for continuous improvement.
- Covers leasing insurance.
- Supports second-hand sales after rental periods.
Recent Developments
- Recent Developments:
- NEWE secured €170,000 in its first investment round led by Draper B1, Aurorial (investment vehicle of PcComponentes), and Unitatea to consolidate its position in the online product rental market in Spain.
- NEWE's solution has been integrated with clients such as PcComponentes.
- Recognized among the top 100 European companies by South Summit and awarded for the best logistics solution by Barcelona New Economy Week (BNEW).
- New Products Launched: No information is available.
- New Features Added: No information is available.
- Partnerships and Investments:
- PcComponentes entered NEWE as an investor, enhancing its ecosystem of startups and supporting NEWE's technological solutions.
Overall, NEWE's strategic initiatives focus on enhancing its technology product, customer acquisition and retention, and proving the viability of the pay-per-use model in retail sectors. The company's commitment to sustainable and responsible business practices positions it as a potential leader in the shift toward circular economy models in retail.
