The RealReal Raises $40M in Funding

Luxury consignment Web site The RealReal has landed its largest round of funding to date — $40 million — to accelerate growth toward profitability. The Series D funding was led by Industry Ventures with other new investors E.ventures Growth, Greycroft Growth and DBL Partners. Existing investors Canaan Partners and InterWest Partners are also participating in this round, bringing the company’s total funding to $83 million. The RealReal, which posted revenue of $100 million in 2014, declined to project a date when the business will move into the black, saying only that “the funding will help us get to near-term profitability.” The cash infusion will allow the site to continue its growth while also making investments in long-term scalability. “This new round of funding will be instrumental in allowing us to double our revenue [this year] while driving toward profitability, both of which are top priorities for the company in 2015,” said Julie Wainwright, founder and chief executive officer of The RealReal. “In addition, we’re laser-focused on scaling the business operationally and continuing to provide our members with the best authenticated luxury shopping and consigning experience anywhere.” The RealReal, which launched in 2011, takes possession of merchandise and authenticates items up-front, inspecting and guaranteeing that they

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