Threadflip, a San Francisco-based social marketplace for discovering, buying and selling fashion, has closed a $6.5m Series A funding.
The round was led by Shasta Ventures, with participation from Lowercase Capital, and existing investors First Round Capital, Baseline Ventures, Slow Ventures, Forerunner Ventures, Greylock Discovery Fund and Andreessen Horowitz Seed Fund.
The company, which has also launched its new mobile app, intends to use the funding to hire new professionals and improve the user experience.
Founded in 2011 by CEO Manik Singh, Threadflip allows users to upload images of pieces and sell clothing, shoes, bags, and jewelry.
The company is also launching a white glove concierge service, which allows women to receive a box to send in their unused items.
In conjunction with the funding, Tod Francis of Shasta Ventures, has joined Threadflip’s board of directors.
FinSMEs
05/06/2012