Rebagg Secures $15.5 Million

Internet and IoT startup Rebagg announced it has raised $15.5 million in Series B financing. Seven investors participated in the round: Novator Partners, General Catalyst Partners, FJ Labs, Crosslink Capital, Big Sur Ventures-Necotium, U-Start and Kloof Capital.

Founded by French fashion entrepreneur Charles-Albert Gorra, who attended Harvard Business School, Rebagg is a fashion ecommerce startup that purchases designer handbags from individuals and partners with stylists and personal shoppers. The company’s mission is to be the authority in buying the most highly coveted luxury handbags and to make the selling and purchasing experience as easy as possible.

According to the company, Rebagg will use its new financing to build the next level of its operations and make additional key hires, as well as to promote the Rebagg brand and expand its sourcing network.