The round was led by Madrona Venture Group and Inspired Capital. Previous investors include Triple Impact Capital, Silence Ventures, Data Tech Fund and Animal Capital, along with a group of angel investors.

Buywander is an auction-based marketplace connecting value-seeking buyers with returned and overstocked goods from vetted retailers, including Amazon, Target, Walmart, and Home Depot. Every item starts bidding at $1 in a timed online auction, and every purchase is backed by a 7-day return policy and picked up in person at a local warehouse, eliminating shipping entirely. Founded in 2023 by Jordan Allen and Brock Kowalchuk, Buywander operates warehouses across multiple markets, with new locations recently launched in Denver and Chicago.