What is Rebag?
Rebag is recognized as a leading authority in the buying, selling, and trading of luxury goods, positioning itself as one of the fastest-growing retailers in the United States. Founded by Charles Gorra, Rebag pioneered an instant payment model for luxury items, differentiating itself in the re-commerce space. Since its inception in 2014, the digitally native company has expanded its physical presence with retail locations in key markets like New York, Los Angeles, Greenwich, and Miami. Rebag's innovative approach and market impact have been acknowledged through accolades such as Fast Company's Most Innovative Companies in 2020 and 2021, and features in prestigious publications including the New York Times, Business of Fashion, VOGUE, and TechCrunch.
How much funding has Rebag raised?
Rebag has raised a total of $101.3M across 7 funding rounds:
Other Financing Round
$800K
Angel/Seed
$4M
Series A
$8M
Series B
$15.5M
Series C
$25M
Series D
$15M
Series E
$33M
Other Financing Round (2014): $800K with participation from Fabrice Grinda, Güimar Vaca Sittic, Jose Marin, and Teodoro D'Ambrosio
Angel/Seed (2015): $4M led by General Catalyst, Founder Collective, Metamorphic Ventures, Big Sur Ventures-Necotium, and Crosslink Capital
Series A (2016): $8M supported by Metamorphic Ventures, Big Sur Ventures-Necotium, FJ labs, Crosslink Capital, General Catalyst, and Founder Collective
Series B (2017): $15.5M featuring Kloof Capital, FJ Labs, Big Sur Ventures, Crosslink Capital, General Catalyst, Novator Systems, and U-Start
Series C (2019): $25M, investors not publicly disclosed
Series D (2020): $15M with participation from General Catalyst Partners and Novator AB
Series E (2021): $33M led by General Catalyst and Novator Systems
Key Investors in Rebag
General Catalyst
General Catalyst is a venture capital firm that supports transformational business opportunities across various sectors and stages, backing entrepreneurs with ambitious visions. They provide strategic capital and operational expertise to help companies scale and build enduring enterprises.
Founder Collective
Founder Collective is a venture capital fund specializing in seed and pre-seed investments, partnering with entrepreneurs from inception to IPO. They focus on founder alignment and sustainable growth for innovative startups.
Metamorphic Ventures
Metamorphic Ventures is a New York City-based venture capital firm that invests in early-stage technology companies, particularly those building game-changing businesses in massive markets like e-commerce and marketplaces.
What's next for Rebag?
With the recent influx of major strategic investment, Rebag is well-positioned to enhance its operational capabilities and expand its market reach. The company's focus on leveraging technology to streamline the luxury resale process, coupled with its established brand reputation, suggests a strategic push towards further innovation in authentication, inventory management, and customer experience. This latest round of financing will likely fuel initiatives aimed at scaling its platform, potentially exploring new product categories, and reinforcing its commitment to sustainability within the fashion industry. Rebag's continued growth trajectory indicates a strong market appetite for its unique value proposition in the circular economy for luxury goods.
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