Helsinki-Based Renow Raises €1.8M to Empower Europe's Recommerce Market With AI.

Founded by Kalle Koutajoki(CEO), Antti Ijäs, and Hannes Junnila(CTO), Renow has raised €1.8M in seed funding led by Greencode Ventures, with continued support from existing investors Superhero Capital and Street Smart Capital. The company has plans to expand its AI-powered re-commerce platform across Northern Europe, opening new hubs in Sweden and Norway and aiming to launch in the Danish and Beneluxian markets.

Renow offers a full-stack return and resale platform powered by agentic AI, helping merchants process and resell returned products quickly without building their own infrastructure.

Renow taps into Europe’s €160B returns and second-hand market by helping merchants quickly resell returned and open-box items through AI-verified listings and local 3PL hubs. Its decentralized model offers faster turnaround, less waste, and more flexibility than traditional centralized or bulk resale approaches.

Renow, growing 6x YoY, supports top Nordic retailers and is expanding across Denmark and the Benelux. Its model extends product lifecycles and enables scalable recommerce. New funding will fuel platform growth, logistics partnerships, and team expansion in Northern Europe.