Loveseat, a consumer-first and eco-friendly online marketplace for home goods, announced that it has raised $7 million in Series A funding led by Bessemer Venture Partners with participation from notable angel investors Gokul Rajaram, Gabriel Weinberg, and Kal Vepuri.

Loveseat Online Auctions was founded in 2020 and operates a managed marketplace for returned and other distressed inventory in the home goods space from major retailers and vendors. Everything is sold at auction with most items starting at just $10. Think: TJMaxx meets eBay. Fulfillment is done locally via Loveseat's network of warehouses in major metro areas.