What is Poshmark?
Poshmark operates as a leading social marketplace, connecting a vast community of over 80 million users across the U.S., Canada, Australia, and India. The platform facilitates the buying and selling of new and secondhand fashion, home decor, and pet items, blending the personal touch of physical retail with the convenience and scale of e-commerce. By enabling simple, social, and sustainable transactions, Poshmark is actively shaping the future of commerce and promoting more conscious consumption patterns within its user base.
How much funding has Poshmark raised?
Poshmark has raised a total of $405M across 5 funding rounds:
Series A
$3.5M
Series B
$12M
Series C
$25M
Series D
$87.5M
Stock Offering
$277M
Series A (2012): $3.5M with participation from SoftTech VC, SV Angel, Mayfield Fund, and Inventus Capital Partners
Series B (2012): $12M led by Menlo Ventures, Inventus Capital, Mayfield Fund, and SoftTech VC
Series C (2015): $25M supported by Inventus Capital, Mayfield, Shea Ventures, Union Grove Venture Partners, Menlo Ventures, and SoftTech VC
Series D (2017): $87.5M featuring Union Grove Venture Partners, Cross Creek Advisors, GGV Capital, Uncork Capital, Mayfield, Temasek, Inventus Capital, and Menlo Ventures
Stock Issuance/Offering (2021): $277M, investors not publicly disclosed
Key Investors in Poshmark
GGV Capital
GGV Capital is a global venture firm that invests in seed-to-growth stage companies across social/internet, enterprise tech, and smart tech sectors, with a focus on backing local founders worldwide.
Cross Creek Advisors
Cross Creek Advisors is a venture capital firm specializing in late-stage direct crossover venture funds and venture/growth equity fund of funds, aiming to invest in high-quality companies and top-tier venture capital funds.
Temasek
Temasek is a global investment company headquartered in Singapore, operating as a generational investor focused on making a difference with a long-term perspective.
What's next for Poshmark?
With its recent major strategic investment and a history of significant capital injections, Poshmark is well-positioned for its next phase of growth. The company's focus on community-driven commerce and sustainability aligns with evolving consumer preferences. Future initiatives are likely to involve expanding into new international markets, enhancing its platform features to deepen user engagement, and potentially exploring new product categories or service offerings. The sustained backing from prominent investors signals confidence in Poshmark's business model and its capacity to capture a larger share of the growing secondhand market.
See full Poshmark company page
