The RealReal, a Tiburon, CA-based luxury resale site, raised $40m in Series D funding.
The round was led by Industry Ventures with participation from e.ventures Growth, Greycroft Growth, DBL Partners, Canaan Partners and InterWest Partners. In conjunction with the funding, Cynthia Ringo of DBL Partners joined The RealReal’s board of directors.
The company, which has raised $83m in total, intends to use the funds to continue its growth while also making investments in long-term scalability.
Led by CEO and Founder Julie Wainwright, The RealReal operates a marketplace for buying and selling luxury goods (including men’s and women’s fashion, fine jewelry and watches, and fine art) online
The company achieved over $100M in revenue in 2014. It has 3.5 million members, 315 employees, and ships to 61 countries worldwide.