for the Digiday Programmatic Marketing Summit, May 6-8 in Palm Springs.
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
Amazon hits pause on controversial change to its advertising payment system that had caused a seller revolt
The pause signals Amazon is at least temporarily backing off a policy that had sparked coordinated pushback from its seller community.
OpenAI builds tool to track whether ChatGPT ads convert
The AI platform is selectively enabling its pixel for some advertisers in the pilot as it continues to test and iterate its capability.
Agencies compete for SEO talent as client demand for zero-click expertise surges
Media agencies across the industry are hoping to attract top organic search execs given how hot AI search is at the moment.