The RealReal Raises $14M To Bring The Consignment Model For Luxury And Designer Goods Online

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http://techcrunch.com – The RealReal, an online consignment store for luxury goods, has raised $14 million in Series B funding led by InterWest with Canaan Partners, e.ventures, Greycroft Partners, Novel TMT Ventures, Panarea Capital, Suzy Welch and Sukhinder Singh Cassidy participating. The service lets consignors sell their designer goods online and get up to 70 percent of the sale price, while customers get brands like Chanel and Burberry at lower prices. And The RealReal authenticates all of its designer goods so that customers know they’re getting the original. Each sale lasts for 72 hours, and members can (IT news)