US-based fashion marketplace Threadflip has raised $13m in series B funding from investors including Northwest Venture Partners, the venture capital firm which counts bank Wells Fargo as its sole limited partner, TechCrunch reported yesterday.
Baseline Ventures, First Round Capital and Shasta Ventures also participated in the round.
Threadflip is an online marketplace for buying or selling women’s clothes. It offers a service called Concierge Full Service, which sends users a box in which they can send their clothes back to the website to be listed and sold on their behalf. The funding will provide additional staff for this service.
The company raised $1.6m in an April 2012 seed round led by First Round Capital that also included Baseline Ventures, Forerunner Ventures, Greylock Discovery Fund and Andreessen Horowitz Seed Fund.
Threadflip followed that with a $6.5m series A round two months later featuring the seed investors together with new backers Shasta Ventures, which led the round, Lowercase Capital and Slow Ventures.
Image courtesy blog.threadflip.com