Published
Apr 25, 2016
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The RealReal raises $123 million in funding

Published
Apr 25, 2016

The RealReal, a leading luxury e-commerce consignment retailer, announced on April 21 that it received $40 million in Series E funding led by Greenspring Associates. The company received an additional $83 million from existing investors.


The RealReal "Saturday Style" sale - The RealReal


The new funding, totaling $123 million, will help the RealReal expand its domestic and international networks. The company will also use the funding on key strategic initiatives to widen its lead from other similar e-commerce retailers.
 
"This new round of funding will take our business to the next level," said The RealReal CEO and Founder Julie Wainwright. "As we look ahead, we're excited about growing the business globally while continuing to provide our customers and consignors with an inimitable business model that makes buying and selling pre-owned luxury goods online as easy, trustworthy, and lucrative as possible."

The RealReal, founded in 2011, offers authenticated luxury items, including fashion for women, men and children, fine jewelry and watches and fine art & homewares. The company has sold over 2 million items to customers globally.
 

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