This financing round was led by prominent venture investor John Doerr, whose firm Kleiner Perkins has funded the likes of Rent the Runway and The Wing.
Tradesy, a peer-to-peer luxury resale marketplace, was founded in 2012 by Tracy DiNunzio, who serves as chief executive. The company’s new funding, announced Thursday, Sept. 16, will go toward category expansion, including a foray into menswear, as well as new technology that makes product search and discovery easier for the consumer.
Alongside the new funding round, Tradesy announced two new hires: VC veteran Amy Gershkoff Bolles as chief operating officer and former SoftBank advisor Jeffrey Housenbold as board chairman.
BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy.