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Poshmark Bags $87.5 Million in Series D Funding, Focuses on Expanding into New Categories

Today, Poshmark, the largest social marketplace for fashion where anyone can buy, sell and share their style with others, announces $87.5 million in Series D funding led by Temasek, an investment company headquartered in Singapore, bringing the company’s total funding to nearly $160 million.  In addition to the new round of financing, Poshmark is introducing its latest product innovation, Poshmark Stylist Match, an in-app social styling …

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LVMH and Marc Jacobs Launches First Online Flagship Store in China

VIPLUX, the flagship luxury channel dedicated to international luxury and premium brands on vip.com, announced the formal opening of US fashion luxury brand Marc Jacobs’ only authorized online flagship store in China. This is Marc Jacobs’ first flagship presence in China’s e-commerce world. From today, the 300 million members of vip.com will have the exclusive opportunity to buy the luxury brand’s new 2017 autumn and winter product …

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Grapevine Acquires ReadyCart, Provides Additional Monetization Options to Social Media Influencers

 Grapevine, the world’s leading end-to-end influencer marketing platform, announced today that it has acquired ReadyCart, a turnkey affiliate shopping platform designed for YouTube creators. The addition, the ReadyCart platform provides a new way for more than 135,000 content creators in Grapevine’s network to monetize their content in concert with branded content opportunities. Recent research found that more than one-third of Millennials …

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Mobile Rewards Program Drop Bags $5.5M in Seed Funding, Continues to Focus on Millennials

Drop, a millennial-focused rewards program, today announced the launch of its platform in the US market fueled by a $5,500,000 venture capital infusion. The seed round was led by Sierra Ventures with participation from White Star Capital, ff Venture Capital, Portag3 Ventures and HOF Capital. Drop introduces a truly seamless, cross-merchant rewards experience to the market that allows members to …

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