Online Luxury Reseller RealReal Raises $40 Million Funding Round

April 9, 2015 12:00 PM

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The RealReal built a $100 million business around second-hand Chanel flap bags and lightly scuffed Christian Louboutin pumps. Now it wants to double in size using a new injection of venture funding.

The online luxury consignment store announced on Thursday, April 9, that it has raised $40 million in its largest venture-funding round to date. Led by Industry Ventures, the Series D round nearly doubles the company’s total backing to $83 million. Julie Wainwright, chief executive of RealReal, says...

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