About The RealReal
The RealReal is an online marketplace for authenticated and consigned luxury goods.
Headquarters
The RealReal, San Francisco
Founded
2011-03-01
Industry
E-Commerce, Fashion, Lifestyle, Marketplace
Last Funding Type
Series H
Valuation
1.7
Total Funding
$356.87 million dollars
IPO Status
Public
Financial
The RealReal, Inc. is focusing on enhancing the accuracy of gemstone evaluation with a system designed to estimate the carat weight of gemstones in mounted settings. This system includes a faceted structure imaging assembly and an image analyzer, which work together to capture and analyze images of the gemstone's top surface. The development aims to streamline the authentication process for luxury goods, ensuring precise valuations of jewelry items without the need for dismounting the gemstones, thus preserving their integrity and value.
The RealReal employs AI to enhance item uploads and authenticate luxury goods, addressing counterfeit issues and promoting efficiency. The company missed earnings expectations for Q1 2024, reporting an EPS of -0.2956. However, it delivered earnings and revenue surprises of 14.29% and 3.53%, respectively, for the quarter ended March 2024. Additionally, high-income consumers increasingly turning to secondhand retail channels have driven notable growth in The RealReal's consignment business.
The RealReal employs AI to enhance item uploads and authenticate luxury goods, addressing counterfeit issues and promoting efficiency. The company missed earnings expectations for Q1 2024, reporting an EPS of -0.2956. However, it delivered earnings and revenue surprises of 14.29% and 3.53%, respectively, for the quarter ended March 2024. Additionally, high-income consumers increasingly turning to secondhand retail channels have driven notable growth in The RealReal's consignment business.
Funding Rounds
10
Number of Lead Investors
6
Total Funding Amount
$356.87 million dollars
Number of Investors
25