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Flip'NBid

FlipnBid is an online marketplace and community for high value, limited edition and highly sought after sneakers. No matter if you’re “purists” or “tourists”, young or parents, gen Y or gen Z - if you’re interested in fashion, collector items, high value / limited edition sneakers, Flip’N Bid is for you.
Sector
E-commerce
Business Model
P2P Platform
Headquarters
Stockholm, Sweden
FUND/Vehicle
Ventures Fund II
Entry
2023
Status
Current

Rationale

FlipnBid is a straight forward e-commerce and community execution play, which is something that Wellstreet understands well, and with an audience in majority made up of Gen Z, which is really interesting in terms of market potential. There are no actors available in the Nordic region in this field, so customers purchase their sneakers using social media platforms. The founders understand the audience and the market, and can highly benefit from Wellstreet’s extensive experience in e-commerce and focus on creating customer experience leveraging the latest technologies.

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