Tradesy's latest $30M funding has the company thinking expansion

Santa Monica-based Tradesy announced a $30 million Series C funding today. The latest round puts the P2P fashion site at $74.5 million since it launched in 2012, and $60 million raised since the start of 2015. Tradesy's platform connects sellers with fashion buyers, while facilitating payment, shipping kits and returns.

Written by John Siegel
Published on May. 10, 2016
Tradesy's latest $30M funding has the company thinking expansion

Santa Monica-based 

Tradesy is a remote first company with employees based all across the United States.
 announced a $30 million Series C funding today. The latest round puts the P2P fashion site at $74.5 million since it launched in 2012, and $60 million raised since the start of 2015.

The latest round of funding, featured participation from Wildcat Capital Management and featuring return investors Kleiner Perkins Caufield & Byers and Rincon Venture Partners, will be used to hire data scientists, as well as for marketing efforts.

Originally a spinoff from CEO Tracy DiNunzio's bridal gown reseller the Recycled Bride, Tradesy's platform connects sellers with fashion buyers, while facilitating payment, shipping kits and returns. The site's 9 percent commission is markedly lower than competitors, and allows brick-and-mortar consignment sellers to join the site.
 
DiNunzio told Re/code that though the site currently isn't profitable, their product catalogue — and more importantly product descriptions — continues to grow, allowing the site to rank better in search results and driving new business to the site.
 
In January 2015 Tradesy announced a similar $30 million Series B funding.
 
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