Poshmark

Valuation $13B

About Poshmark

Poshmark is a social marketplace for fashion where anyone can buy, sell, and share their style with others.
Headquarters Poshmark, Redwood City
Founded 2011-02-01
Industry E-Commerce, Fashion, Marketplace, Peer to Peer
Last Funding Type Series Unknown
Valuation 13
Total Funding $153.00 million dollars
IPO Status Delisted

Financial

Poshmark may be growing as indicated by the launch of a new promotional tool for sellers, which suggests an investment in enhancing the platform's capabilities and potentially increasing its appeal to users. The broader industry context, with digital resale platforms gaining traction and consumers increasingly seeking deals, implies that Poshmark is operating in a favorable market environment. Furthermore, the general trend in the second-hand clothing market is significant growth, although profitability remains a challenge for the sector.

Poshmark is focusing on enhancing its social marketplace platform by developing methods for multitouch attribution. This technology involves analyzing channel data to determine conversion rates across different channels, optimizing the user experience in buying, selling, and sharing fashion. The research aims to attribute user responses to multiple channels, thereby refining marketing strategies and user engagement. Poshmark's R&D efforts are concentrated on improving data-driven decision-making for channel effectiveness.

Poshmark has introduced a new tool to help sellers increase their sales and launched a paid marketing feature providing an enterprise-grade data dashboard. Additionally, Poshmark is leveraging Generation Z's interest in social retail with Posh Party LIVE, a series of virtual, themed selling events.
Funding Rounds 7
Number of Lead Investors 5
Total Funding Amount  $153.00 million dollars
Number of Investors 21

Related Angels

Seth Goldstein
View profile
Donald Hutchison
View profile
Adam Schwartz
View profile
Guy Oseary
View profile
Rick Marini
View profile
Shervin Pishevar
View profile
Ashton Kutcher
View profile
Naval Ravikant
View profile