The RealReal Raises $14 Million in Series B to Expand Its Lead in Reselling Authenticated Luxury Designer Goods

 The RealReal Raises $14 Million in Series B to Expand Its Lead in Reselling
                     Authenticated Luxury Designer Goods

PR Newswire

SAN FRANCISCO, April 16, 2013

SAN FRANCISCO, April 16, 2013 /PRNewswire/ --The RealReal announces that it
has raised $14 million in Series B funding. Already a leader in luxury online
resale, the company will use this investment to expand its infrastructure to
support its rapid growth. The company has grown revenue tenfold in the last
year by offering a superior experience for both customers and consignors. With
over 750,000 members, The RealReal receives over 1.5 million visits per month.

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"We're changing the way people view their designer wardrobe and luxury items,"
said The RealReal founder and CEO Julie Wainwright. "We offer consignors a way
to get a return on what they originally paid for their designer items,
effortlessly and lucratively. And, we offer shoppers a fun way to shop."

This round of funding is led by InterWest Partners with participation from all
Series A investors: Canaan Partners, and Greycroft Partners. The
company also added strategic investments from Novel TMT Ventures, Panarea
Capital, Suzy Welch and Sukhinder Singh Cassidy.

"The RealReal is one of those thrilling, transformative business ideas you
just don't see very often," said Suzy Welch, noted business journalist and
co-author of the New York Times bestseller Winning, with her husband, Jack
Welch. "I believe The RealReal has the power to change the way many women
think about and acquire fashion and, in essence, change the whole lifecycle of
luxury goods. Ultimately, I see it recreating the industry in a way that will
benefit consumers and sellers alike."

Keval Desai, partner at InterWest and the lead Series B investor, said: "Over
the years, we have evaluated a number of e-commerce companies and there is no
doubt The RealReal has created a marketplace with the most coveted product
offering. This, along with their outstanding team,made it a very easy
decision for us to invest in the company."

To learn more about The RealReal or to join, visit


The RealReal is changing the way people buy and sell luxury items. The leader
in luxury resale, the company is a full-service retailer offering customers
authenticated pre-owned designer brands including Chanel, Hermes, Louis
Vuitton, Gucci and Cartier, all at up to 90% off original retail. The RealReal
takes possession of all items prior to sale in order for its merchandising
team, authentication specialists and skilled gemologists to evaluate each
item. The company also offers buyers merchandise returns, with an in-house
customer service team available to answer specific product questions.

Consignors in major U.S. cities can schedule a free pickup or use the
company's direct service through its iPhone consignment app or online form.
Consignors make up to 70% of the selling price.

SOURCE The RealReal

Contact: Lesley Langsam, Linda Gaunt Communications, 212-810-2894,
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