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

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 sourcing.

In addition to technological advancements, Rebag aims to expand its brick-and-mortar presence. The company currently operates nine stores across the United States, with locations in New York City, Los Angeles, Miami, and more.

Rebag plans to increase its portfolio to 30 stores in the medium term, including standalone stores and locations in major luxury malls. Rebag’s brick-and-mortar expansion strategy involves providing convenient drop-off locations, connecting shoppers with stylists, and offering a selection of more than 30,000 items…