Tradesy, a Santa Monica, CA-based peer-to-peer marketplace for designer fashion, raised $13m in Series B financing.
The round was led by Kleiner Perkins Caufield & Byers (KPCB), with participation from Sir Richard Branson, Rincon Venture Partners, Bee Partners, Northgate Capital, and others. In conjnction with the funding, KPCB General Partner John Doerr and Stephanie Tilenius, joined Tradesy’s Board of Directors.
The company intends to use the funds to accelerate growth and scale the team.
Led by CEO and Founder Tracy DiNunzio, Tradesy is a peer-to-peer marketplace for fashion that connects sellers to buyers, provides packaging materials, recommends pricing, and handles returns. Its technology platform automates all the processes inclding shipping and returns, enhancement of user-generated content, and the authentication of designer goods.
Today, the marketplace has 1.3 million members.