The RealReal unwraps $14M from VCs

Diamonds may be a girl’s best friend, but so are designer heels, Chanel purses, and fine leather jackets, particularly when they are at a price she can afford.

The RealReal has raised $14 million to grow its luxury online resale marketplace, which it claims is “second only to eBay.” The startup’s team of professional stylists and fashion experts hand-select and authenticate pre-owned designer goods from brands like Chanel, Dior, Gucci, Hermes, Louis Vuitton, and Cartier. The goods are sold in 72 hour flash sales for prices at up to 90% off the original cost.