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Fashion Marketplace Poshmark Raises $25 Million More, Heads To Apple Watch

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TechCrunch

Three years ago, fashion marketplace Poshmark launched on iOS with an app that allowed women to buy and sell secondhand items, including clothing, shoes and other accessories, right from their mobile device. The company, which has since expanded to Android and the web as of last year, has now grown its online community to include millions of registered users, and is on track to double its revenue in just six months this quarter to $200 million in annual sales. Today, Poshmark is also announcing $25 million in Series C funding, with investment from Mayfield, Menlo Ventures, Inventus Capital, Union Grove Venture Partners, Shea Ventures, and SoftTech VC.

To date, Poshmark has raised $47.2 million in outside capital.

While there are a number of competitors in the online fashion resale space today, including luxury consignment site The RealReal which also this month took in an additional $40 million in new funding

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