Luxury Garage Sale, a Chicago, IL-based designer brand consignment retailer selling new and used designer brand and vintage wardrobe items both online and in-store, raised $5m in Series A funding.
The round was led by Boston-based Data Point Capital with participation from Chicago Ventures, Hyde Park Angels, Pallasite Ventures and Brian Spaly.
The company will use the new capital to expand their product offering, open new locations and enhance their online presence.
Co-founded in 2011 by Brielle Buchberg and Lindsay Segal, LGS provides a curated service for buyers and sellers in the women’s fashion resale market. The luxury consigning and shopping experience is available across four diverse retail channels, including boutiques in Chicago and Dallas, an e-commerce website (luxurygaragesale.com), several online marketplaces, and pop-up shops around the country.
In 2015, the company opened two new storefronts, moved into a 25,000 square foot flagship location in downtown Chicago, and increased its staff to now 85 employees.