The startup operates a curated online marketplace for pre‑owned luxury apparel, accessories, jewelry, and watches, handling consignment intake, specialist authentication, professional imaging, and data‑driven pricing. Buyers browse verified listings through web and mobile interfaces with secure escrow payments and insured shipping, while sellers receive payouts after each sale. The platform also offers seller dashboards, logistics support, and analytics to streamline the resale process.
Funding
$70M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers seeking authentic pre‑owned luxury goods face limited access to verified inventory, while owners of high‑value items lack a trusted, low‑friction channel to monetize their pieces without risking counterfeit concerns or excessive effort.
Solution
The platform operates a curated online marketplace that connects verified sellers with luxury shoppers. Items are accepted through a consignment workflow where expert authenticators evaluate condition, perform professional photography, and assign data‑driven pricing. Verified listings are then displayed to a global buyer base via a responsive web and mobile experience, with secure payment processing and insured shipping. Sellers receive payouts after sale, while buyers benefit from guaranteed authenticity and a transparent purchase history. The service also extends the lifecycle of luxury assets, supporting sustainability goals.
Target Audience
Primary customers are affluent consumers looking to purchase authenticated pre‑owned designer apparel, accessories, jewelry, and watches, as well as individual consignors, estates, and boutique retailers seeking a reliable channel to sell luxury items.
Features
- Multi‑step authentication pipeline using trained specialists and condition‑grading standards to certify each item’s provenance.
- High‑resolution studio photography and 360° imaging integrated into product listings for accurate visual representation.
- Dynamic pricing engine that combines market comparables, brand depreciation curves, and real‑time demand signals to generate optimal resale values.
- End‑to‑end logistics suite: prepaid shipping labels, insured carrier integration, and reverse‑logistics for unsold or returned items.
- Buyer‑facing marketplace with faceted search, designer filters, and AI‑enhanced recommendation engine.
- Seller dashboard offering inventory tracking, performance analytics, and automated earnings statements.
- Secure payment gateway with escrow, fraud detection, and compliance with PCI‑DSS standards.
- Mobile app delivering push notifications for new listings, price alerts, and order status updates.
- Sustainability reporting that quantifies carbon offset achieved by extending product lifecycles.