Tuesday, May 20, 2014

Tradesy Finds $13M for Fashion Marketplace From KPCB, Others

In a significant vote of confidence for Santa Monica-based Tradesy, the peer-to-peer marketplace headed by Tracy DiNunzio, has raised a $13M funding round from Kleiner Perkins Caufield & Byers, Sir Richard Branson, Rincon Venture Partners, Bee Partners, Northgate Capital, and others. The company announced the investment on Monday. According to the company, the Series B funding will go towards accelerating its growth and scaling its team. As part of the investment, KPCB's John Doerr and Stephanie Tilenius have joined the company's board of directors. Tradesy focuses on designer fashion, letting consumers sell their unused designer fashion items to other consumers.

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