Funding

Poshmark Raises $25M

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What does Poshmark do?

Poshmark, is the biggest fashion community marketplace where any lady can sell, buy and share her personal fashion style. Poshmark has millions of shoppers and more than seven hundred thousand sellers, which brings together women who can express  their opinions and share their fashion love with others in the community. Poshmark has made it very simple for selling your style that this startup community uploads more than 2 M dollars worth of stuff into the market everyday right from their smart phones. So Poshmark is the largest community marketplace for fashion where any lady can buy, sell and share her personal style.

How much Poshmark was funded?

Poshmark raises $25M in Series C funding on April 21st, 2015 from the investors Mayfield Fund, Inventus Capital Partners, Menlo Ventures, Union Grove Venture Partners, SoftTech VC and Shea Ventures.

Previous funding

  • $3.5M in Series A funding on February 1, 2011 from Mayfield Fund, SV Angel, Inventus Capital Partners and SoftTech VC
  • $12M in Series B funding December 4, 2012 from SherpaVentures, Mayfield Fund, SoftTech VC, Menlo Ventures, Inventus Capital Partners.

What is next for Poshmark?

Poshmark ‘s latest investment comes as it is set to double its revenue in just 6 months this quarter, hitting $200M in its annual sales, which is an evidence that its community driven model is tuning the shopping future. Poshmark is also set to unveil its next innovation extending beyond the mobile and onto the wrist of the users by creating one of the 1st fashion experiences for the Apple Watch, which enables millions of users to stay even more connected with each other.

More about Poshmark

Poshmark was founded in February 2011, by Chetan Pungaliya, Tracy Sun, Gautam Golwala and Manish Chandra. It has its headquarters in Menlo Park, CA. Poshmark is the new way to sell and buy fashion.

 

 

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