The RealReal luxury consignment Web site has raised $20 million in a Series C funding round. The funding will be applied toward “expansion of our operations and infrastructure,” said founder and chief executive officer Julie Wainwright. “Additionally, this investment will help us accelerate our supply and customer acquisition efforts.”
The site is expected to more than double its annual volume this year to $125 million from $55 million in 2013. It has 5,000 active consignors and 2.4 million members.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"