Join us Sept. 14-16 in Miami to connect with top publishing leaders
Flush with investment cash, online resale startups enter an international growth race
Venture capitalists and fashion startups don’t always see each other eye-to-eye — but investors are currently placing big bets on one fashion-tech sector: the online resale marketplace.
According to data from fashion investment community FashInvest, investors funneled more than $175 million into the online reselling industry in 2016. The question of when the inevitable bubble will burst has been raised, but it hasn’t happened yet: Vestiaire Collective, a Paris-based online reselling platform for luxury goods, secured a $62 million round of funding this week led by venture firm Vitruvian Partners.
To read the rest of this story, please visit Glossy.
More in Marketing
OpenAI’s ads business hits Europe at the six month mark
OpenAI will begin serving ads to people using ChatGPT across 31 European markets beginning August 24.
DiVine, Vine’s spiritual successor, won’t rule out ads
The app has a strict ‘no AI content’ rule, and company isn’t ruling out advertising.
OpenAI builds offerings on consent as it expands ChatGPT ads to Europe
The company’s new EU privacy policy goes live “later this month”.