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London-Based Haz Secures £1.2M Pre-Seed Funding to Help Users Earn from Reselling

Chrissie Jonathan

Chrissie jonathan

22 May 2024

A social commerce application based in London, Haz, has raised £1.2M to provide live streams of users' previous and potential purchases, with the support of A16Z, Atomico, and other noteworthy individuals.

Co-founder Ronan Harvey-Kelly stated that the company's technology will address future demands and stated their plans to expand Haz in the UK and Europe. The global resale market is thriving, and Haz's AI technology aims to capitalize on the increasing demand.

By digitizing and automatically listing items for sale, Haz eliminates the time-consuming process of resale, thus offering a seamless experience for the users. By using patented AI technology to balance the world's overproduction of apparel and electronics, Haz is pioneering a new way for users to earn from reselling.

Additionally, the company's expansion plan includes developing its AI models, remote authentication technology, and employing more engineers to facilitate rapid growth. Haz is exhibiting remarkable growth, with its user base and supply liquidity soaring over the past few months, proving the effectiveness of its innovative approach. Would you try it out?