Snap Invests in Gen Z Resale Platform

Could resale be recession-proof?

Investors including Snapchat-owner Snap Inc., software company Homebrew, as well as venture firms Floodgate and Banana Capital, seem to think so. They contributed to a $7 million funding round for Galaxy, an app that allows influencers and store owners to sell secondhand clothing and accessories, the startup announced Thursday.

Like Depop, Galaxy allows individuals to create stores on the platform. But rather…