Poshmark, a killer fashion market fueled by users, just received $12 million in financing from Menlo Ventures, marking a massive boost to the company's total funding thus far. Hoping to bridge out to new venues (operating systems) and build a more robust system, Poshmark is quickly making its mark on the fashion industry and is an extremely useful application for those who are constantly in need of updating their wardrobe.
Poshmark, the fastest-growing mobile marketplace for fashion, today announced the closing of $12M in Series B financing led by investment firm Menlo Ventures, bringing the company's funding to $15.5M to date. Existing investors Mayfield Fund, Inventus Capital, and SoftTech VC also participated in the round. Poshmark intends to use the capital to support its rapidly growing community, expand into new platforms, and add world-class talent to the team.
"Poshmark has created a one-of-a-kind, inclusive community where diverse women across America are coming together to connect around a shared love for fashion," said Manish Chandra, CEO & Founder of Poshmark. Read More