Authenticated luxury consignment company The RealReal closed a $115 million Series G financing round led by PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners, with additional participation from new investor Sandbridge Capital and existing investor Great Hill Partners.
A sustainable company, The RealReal’s mission is to give new life to pieces and lead the circular economy for luxury. Consigning is facilitated with free in-home pickup, drop-off service, and direct shipping. In its stores, customers can shop, meet with experts, and attend workshops to learn more about authenticity and sustainability. According to the company, The RealReal’s 90 in-house authenticators inspect thousands of items daily, ensuring the authenticity of every item it sells.