Luxury Resale Platform Rebag Announces $33M in Series E Funding

Rebag, a luxury resale platform specializing in handbags, has announced that it raised $33 million in a Series E funding round, bringing the company’s total funding to $101 million. The funding round was led by private equity firm Novator, with participation from existing investors such as General Catalyst. Rebag, founded in 2014, is a digital and brick-and-mortar retail platform where customers can buy and sell luxury designer handbags, accessories, watches, fine jewelry, shoes, and select apparel.

The company plans to use the funds to further develop its technology and launch features that democratize access to information, creating an ecosystem that benefits both consumers and retailers. Rebag has made significant progress over the past year, with new categories such as fine jewelry and watches experiencing 4x growth since their launch in 2020. The introduction of Clair AI and Clair Trade earlier this year has also allowed the platform to triple its…