Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Rebag, a reseller of luxury handbags and accessories from brands such as Chanel and Hermes, raised a Series D round of $15 million, the company announced today.
The round brings Rebag’s total funding to $68 million, according to the company, and was led by private equity firm Novator and includes General Catalyst.
In the midst of raising the round two months ago, it could have gone in any direction, Rebag founder and CEO Charles Gorra admitted, as it is more difficult for investors to commit capital when there is so much uncertainty, in this case related to the ongoing pandemic.
While the company was deep in documentation when circumstances began to deteriorate economically and socially, investors still required updates on the state of the business, Gorra said in an interview with Adweek.
But
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in