NewSpring Growth led a $38.5m round for the second-hand fashion marketplace that follows a strategic investment by Neiman Marcus last year.
Fashionphile, the US-based luxury fashion marketplace backed by department store operator Neiman Marcus, has secured $38.5m in a series B round led by private equity firm NewSpring’s growth equity arm, NewSpring Growth.
Founded in 1999, Fashionphile operates an online platform where users can buy or sell pre-owned luxury fashion items such as designer handbags, jewellery, watches or accessories.
Each item is authenticated by the company’s experts before it goes on sale. It charges a 30% consignment fee for each item…
