Poshmark news and archive

Poshmark appoints first chief marketing officer

Peer-to-peer second hand e-tailer Poshmark has appointed Steven Tristan Young as its first chief marketing officer, as it continues to expand its executive leadership team to assist with its accelerated growth. Young, a marketing leader and brand strategist for high-growth startups and Fortune 500 companies, has been tasked to lead growth,...

Management|ANALYSIS Featured

Online clothing and accessories re-sale attracts financiers’ attention

New York – Consumers’ habits have changed dramatically since the economic recession hit a decade ago. Online shopping has become the new normal, while more and more consumers turn into savvy thrifters. The result? Second-hand apparel sales are estimated to surpass 40 billion dollars by 2022. Consumers have increasingly turned to second-hand...

Management

Online fashion upcycling retailer Poshmark raises 87.5 million from Temasek

Poshmark has raised 87.5 million dollars in a funding round led by Singapore's state investor Temasek Holdings. The online fashion startup will use this investment for overseas expansion in Europe and Asia. It’s worth highlighting that this is the company's largest investment to date and pushes its total financing to nearly 160 million dollars....

Business

Poshmark in talks to raise funding

Poshmark, the app and online selling service for people looking to get their hands on second-hand clothing, is taking the next step in their business plan and looking to raise funding. They are currently in talks to raise 50 million dollars in a funding round that could value the startup at 600 million dollars. The news first broke on Business...

Retail

Poshmark launches the Posh Dressing Room

Poshmark, the social marketplace for fashion, has launched the Posh Dressing Room, a one-on-one styling experience between a buyer and a Seller Stylist that brings the essence of shopping in a physical boutique to online shopping. As customers and shoppers are switching more to online and mobile commerce, the in-store experience of having a...

Business

Poshmark raises 25 million dollars in funding

Online fashion marketplace Poshmark has secured 25 million dollars in a Series C financing round, led by Mayfield, Menlo Ventures, Inventus Capital, Union Grove Venture Partners and others. The new investment brings the company’s total financing to 47.2 million dollars and has doubled the startup’s venture backing. Amongst others, the company is...