Rye - About the company
Rye is a seed company based in New York City (United States), founded in 2021 by Robin Chan and Justin Kan. It operates as a Provider of recommerce software solutions for e-commerce businesses. Rye has raised $14M in funding from Andreessen Horowitz. The company has 28 active competitors, including 12 funded and 4 that have exited. Its top competitors include companies like HYLA Mobile, Recustomer and Trove.
Company Details
Provider of recommerce software solutions for e-commerce businesses. The software solutions provided are buying links in-app, payment gateway, inventory data retrieval from stores, product recommendations, and more. The company also connects resellers with merchants and provides commissions for product sales. The company caters to businesses like fashion, consumer electronics, and more.
- Website
- rye.com
- Email ID
- *****@rye.com
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Seed
Total Funding
$14M in 1 round
Latest Funding Round
Investors
Ranked
4th among 28 active competitors
Employee Count
95 as on Sep 30, 2026
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Rye's funding and investors
Rye has raised a total funding of $14M over 1 round. Its latest funding round was a Seed round on Oct 12, 2022 for $*****. 9 investors participated in its latest round. Rye has 7 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Rye:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 12, 2022 | 4611210 | Seed | 9036820 | 7593106 | 3384508 | 8674757 |
View details of Rye's funding rounds and investors
Rye's founders and board of directors
Founder? Claim ProfileThe founders of Rye are Robin Chan and Justin Kan.
Here are the details of Rye's key team members:
- Robin Chan: Co-Founder & Investor of Rye and founder of 5 other companies, including Operator, Operation Masks and Stash. They are also an angel investor in 5 startups.
- Justin Kan: Co-Founder of Rye and founder of 4 other companies, including Exec, Stash and Twitch.
View details of Rye's Founder profiles and Board Members
Rye's employee count trend
Rye has 95 employees as of Sep 26. Here is Rye's employee count trend over the years:
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Rye's Competitors and alternates
Top competitors of Rye include HYLA Mobile, Recustomer and Trove. Here is the list of Top 10 competitors of Rye, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | HYLA Mobile 2009, Farmers Branch (United States), Acquired | Provider of tech-enabled mobile device trade-in and recommerce solutions | $148M | 62/100 | |
2nd | Recustomer 2021, Tokyo (Japan), Series A | Provider of platform optimizing post-purchase customer experience for e-commerce businesses | $6.28M | 49/100 | |
3rd | Trove 2012, Brisbane (United States), Series E | Recommerce management solutions for fashion companies | $150M | 47/100 | |
4th | Rye 2021, New York City (United States), Seed | Provider of recommerce software solutions for e-commerce businesses | $14M | 48/100 | |
5th | Arrive 2017, Santa Monica (United States), Series A | Platform offering re-commerce solutions for brands and retailers | $25M | 46/100 | |
6th | Recurate 2020, Washington, DC (United States), Acquired | Provider of resale marketplace platform for eCommerce stores | $17.7M | 46/100 | |
7th | reverse.supply 2020, Berlin (Germany), Acquired | Provider of re-commerce solution for brands & retailers | $5.5M | 40/100 | |
8th | Free Standard 2020, Setagaya (Japan), Series A | Provider of re-commerce solutions for brands and e-commerce businesses | $12.6M | 38/100 | |
9th | Provider of recommerce solutions for consumer electronic businesses | $747K | 34/100 | ||
10th | B2B platform for selling luxury secondhand goods | - | 33/100 |
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Rye's Investments and acquisitions
Rye has made no investments or acquisitions yet.
Reports related to Rye
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