Poshmark, a Redwood City, CA-based social marketplace for fashion, raised $87.5m in Series D funding.
The round, which brought total funding to nearly $160m, was led by Temasek with participation from Mayfield, Menlo Ventures, GGV Capital, Inventus Capital, Uncork Capital, Union Grove Venture Partners and Cross CreekAdvisors.
The company intends to use the funds to expand into new categories and build immersive, data-driven shopping experiences for its community.
Founded in 2011, Poshmark provides a social marketplace for fashion where anyone can buy, sell and share their style with others. Its community of over three million Seller Stylists allows shoppers to discover looks from over 25 million items and 5,000 brands.
In addition to the new round of financing, the company is introducing its latest product innovation, Poshmark Stylist Match, an in-app social styling engine featuring a voice-enabled skill for Amazon Alexa, allowing shoppers to be styled in real-time by the community.
It is available on Poshmark.com and can be downloaded for iOS and Android.
FinSMEs
14/11/2017