Company Overview
Snapshot
Founded in January 2014 by Adi Shemesh and Ran Hassid, TRENCH operated with 11–50 employees. The company secured funding across two rounds from 5 investors, including Magma Venture Partners and Hearst Ventures. TRENCH ceased operations in December 2021.
Business overview
TRENCH developed a social network platform designed to facilitate the exchange of clothes and accessories among users. The company's core technology enabled members to sell unwanted items for a virtual currency, which could then be used to purchase items from other members. TRENCH operated in the fashion, online shopping, and e-commerce sectors, serving consumers in markets such as Israel and the United States.
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- What is TRENCH's primary business model?
- TRENCH operated on a B2C business model, providing a platform for direct consumer-to-consumer fashion swapping and sales using a virtual currency system.
- When was TRENCH founded and by whom?
- TRENCH was founded in January 2014 by co-founders Adi Shemesh, who served as CEO, and Ran Hassid, who was the CTO.
- What was the operational status of TRENCH?
- TRENCH ceased to operate in December 2021, transitioning to a non-active status.
- What was TRENCH's last known funding activity?
- In January 2018, TRENCH received seed funding from Magma Venture Partners and Hearst Ventures.
- What markets did TRENCH target with its platform?
- TRENCH focused on the Israeli and United States markets for its fashion swap social network.