The new round brings the company’s total financing to $123 million
The RealReal, the luxury consignment company, has raised $40 million in a Series E round, bringing the company’s total financing to $123 million.
The funding was led by Greenspring Associates and included new investors Broadway Angels, NextEquity Partners, and Springboard Fund and existing investors Canaan Partners, e.ventures, Greycroft Partners, InterWest Partners, DBL Partners, and Industry Ventures.
The company will use the money to expand its operations domestically and internationally.
“This new round of funding will take our business to the next level,” said the RealReal CEO and founder Julie Wainwright in a statement. “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.”