Rebagg, a NYC-based end-to-end luxury resale service, closed an $8.0m Series A funding.
The round was led by existing investor General Catalyst, with participation from FJ Labs (the holding company of Fabrice Grinda and Jose Marin), Metamorphic Ventures, Crosslink Capital, Founder Collective and Big Sur Ventures-Necotium.
The company intends to use the funds to scale its marketing and operations, including making key hires, opening a new warehouse on the west coast and expanding its at-home pickup procurement service to additional cities such as Los Angeles, San Francisco, and Chicago.
Co-founded in 2014 by Charles Gorra and Erwan Delacroix, Rebagg operates a service to sell pre-owned luxury products. Users can submit pictures on www.rebagg.com or the Rebagg app to receive a free, guaranteed quote within one business day. The company offers complimentary pickups in NYC, and free shipping boxes across the US. Sellers receive payment within 2-3 business days of receipt.
Rebagg employs a team of 30.
FinSMEs
05/05/2016