Fashionphile Raises $38.5M in Series B Funding


Fashionphile, a Carlsbad, Calif.-based pre-owned e-commerce company focused exclusively on ultra-luxury handbags, watches and fine jewelry, raised $38.5m in Series B funding.

The round, which followed Neiman Marcus’ minority investment in the company in April 2019, was led by NewSpring Growth.

The company intends to use the funds to drive

  • operational and geographic scale, further expanding their omnichannel footprint and opening regional fulfillment centers both domestically and abroad, and
  • advancement across its suite of proprietary technologies with a focus on enhanced automation and artificial intelligence including patent pending visual recognition technology.

Founded in 1999 and led by CEO Ben Hemminger, Fashionphile is a pre-owned ultra-luxury company featuring handbags and accessories, a direct buyout model, and authentication.



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