Rebag, a NYC-based platform for buying and selling luxury handbags, raised $15m in Series D funding.
The round, which brought total funding raised to date to $68m, was led by private equity firm Novator, with participation from existing investor General Catalyst.
The company intends to use the funds to expand its tech development efforts.
Led by founder and CEO Charles Gorra, Rebag provides a platform for buying and selling luxury handbags. Its Clair by Rebag is a proprietary software platform that allows the company to generate an offer in an instant. Additionally, Rebag continues to scale its Infinity Program, a rental/resale hybrid for customers, allowing them up to a year to trade their initial purchase in for varying tiers of credit to put toward a new style. The company operates stores in New York, LA and Miami.