The Novel-backed luxury items marketplace has now raised $123m since 2011 and aims to become profitable this year, with an IPO to come in around 2018.

The RealReal, a US-based luxury goods marketplace backed by telecommunications company Novel Group, raised $40m yesterday in a series E round led by venture capital investment platform Greenspring Associates.

The round, which also included Broadway Angels, NextEquity Partners, Springboard Fund, Canaan Partners, E.Ventures, Greycroft Partners, InterWest Partners, DBL Partners and Industry Ventures, took the company’s overall funding to $123m.

Founded in 2011, The RealReal operates an online marketplace where users can quickly buy and sell authenticated luxury items such as…