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TrueFacet banks $2.7 million for secondhand jewelry marketplace

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TrueFacet, a New York based secondhand jewelry marketplace, just raised $2.7 million in venture funding. This new investment brings TrueFacet’s total amount of investment to $4.5 million to date. The investment came from Freestyle Capital and Maveron. Co-founded in 2013 by Tirath Kamdar and Christopher Chan, TrueFacet gives jewelry consignors access to a marketplace where they can sell luxury secondhand ...

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Rebagg just raised $4M for luxury handbag consignment

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Rebagg, a NYC-based luxury handbag resale service, just closed a $4.0 million round of seed funding. The investment round was led by General Catalyst with participation from Metamorphic Ventures, Crosslink Capital, Founder Collective, Big Sur Ventures-Necotium and FJ Labs, the holding company of Fabrice Grinda and Jose Marin. Founded by it CEO Charles Gorra, Rebagg provides a ‘quasi-instant’ selling service ...

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Amazon just opened a massive London fashion studio

Image Credit: Dave Benett

Amazon, the steadily growing e-commerce site, is looking to become a major contender in the fashion industry. According to a Cowen report, Amazon will be the United States’ largest clothing retail, surpassing Macy’s by 2017. Earlier this month, Amazon proved it has serious fashion potential by sponsoring the first ever New York Fashion Week: Men’s. The company has also endorsed ...

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Shopify contest winners to receive mentorship

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Cloud-based commerce platform Shopify recently announced the winners of their Build a Business Competition. The winners include Coco White, Leesa, Little Letter Lights Co.,PAVLOK, Shore Projects and Trunkster. During the 8-month competition, Shopify reports that tens of thousands of businesses were created, that made over $250 million in sales. The contestants had to start an entirely new company through the Shopify platform, ...

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