附近上门

Online consignment startup raised $175 million in a new round of funding led by and , the company announced Wednesday.

It also revealed that it had received a 鈥減reviously undisclosed $75 million investment鈥� last year, bringing its total funding to , according to 附近上门 data. ThredUP did not give further details on the $75 million investment.

Its last disclosed venture round before the newly announced investment, its Series E led by , raised $81 million in September 2015.

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The fashion resale space is one that鈥檚 heating up as more consumers go online to buy and sell clothing and accessories. ThredUP calls itself the 鈥渨orld鈥檚 largest fashion resale marketplace,鈥� with 35,000 brands available at up to 90% off retail prices.

ThredUP competes with Redwood City鈥檚 in the area. Poshmark, which has in total funding, last raised $87.5 million in its Series E round in November 2017.

Poshmark is reportedly looking to go public, according to an April 2019 report from the The company had nearly $150 million in revenue and 鈥渘arrow losses鈥� last year, WSJ reported.

It wouldn鈥檛 be the first fashion resale startup to go public this year鈥攁nother notable competitor, , went public in June after raising聽 in venture funding.The company had a valuation of when it was private, and it is now valued at $1.06 billion. Its stock, which had an all-time high of $28.90 when it began trading on June 28, was trading at $17.22 on Wednesday afternoon. (The company鈥檚 equity was as the market digested trade concerns and recession jitters.)

The three companies, while related, don鈥檛 do exactly the same thing. The RealReal specializes in luxury consignment goods, whereas Poshmark and ThredUP mix both low-end and high-end items. The RealReal has a team of authenticators who verify that every item accepted for consignment and sold by the company isn鈥檛 a knockoff. Poshmark offers authentication as a premium service and ThredUP authenticates items that are sent to the company as part of its LUXE program.

ThredUP鈥檚 fresh round of funding follows its announcement last week that it would partner with JC Penney to bring second-hand clothes and accessories to JCP鈥檚 retail stores. ThredUP items will be available at 30 JC Penney stores, and the startup started offering its items at 40 Macy鈥檚 locations since the beginning of this month as well.

With the new cash, ThredUP is starting what it calls 鈥渞esale-as-a-service,鈥� where retailers and brands can partner with the startup to add inventory to their own stores and websites, according to a announcing the funding. Retailers will also be able to issue 鈥淐lean Out Kits鈥� to shoppers who turn in clothes they don鈥檛 want anymore to ThredUP for shopping credits.

With one company public and the other two richly-valued and well-funded it will be interesting to see which is the next of the three to file for an IPO.

Illustration Credit:聽

Correction: We misinterpreted thredUP’s previously undisclosed $75 million investment and added it to its total funding. The total funding and chart have been corrected. We regret the error.