Poshmark Closes $12M Series B Financing

Poshmark, a Menlo Park, CA-based mobile marketplace for fashion, has closed $12m a Series B financing.

The round was led by Menlo Ventures, with participation from existing investors Mayfield Fund, Inventus Capital, and SoftTech VC.
This investment brings the company’s total funding to $15.5m to date.

Poshmark intends to use the capital to support its community, expand into new platforms, and hire new people (http://poshmark.com/jobs).

Founded in 2011 and led by Manish Chandra , CEO & Founder, Poshmark is a mobile marketplace for fashion built around real-time social experiences. It features Posh Parties, which are themed, real-time shopping events where people gather to shop, share, and sell fashion from their phones. The company’s social community has over two million monthly interactions between members. The free iPhone App can be downloaded from bit.ly/poshmark.



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