The RealReal, a San Francisco, CA-based luxury resale web site, raised $14m in Series B funding.
The round is led by InterWest Partners with participation from existing investors Canaan Partners, e.ventures and Greycroft Partners as well as new investors Novel TMT Ventures, Panarea Capital, Suzy Welch and Sukhinder Singh Cassidy.
The company intends to use the funds to expand its infrastructure.
Led by founder and CEO Julie Wainwright, The RealReal is a full-service retailer offering second-hand items from designer brands including Chanel, Hermes, Louis Vuitton, Gucci and Cartier, all at up to 90% off original retail.
Prior to sale, the company’s merchandising team, authentication specialists evaluate each item.
It has over 750,000 members.