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Chicago-based fashion startup Luxury Garage Sale has raised a $1.5 million seed funding round led by Chicago Ventures and prominent angels including Brian Spaly & Elle Bruno of Trunk Club, Paul Lee, and Lon Chow of Apex Venture Partners.
The infusion of capital will aid the high-end retail business to expand Chicago operations as well as expand to Dallas in the spring. Luxury Garage Sale hopes to expand to other markets in the future as well.
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The resale market launched in 2010 and differentiates itself from other consignment experiences: “Luxury Garage Sale is building the preeminent resale brand through our curated, exclusive, high fashion shopping experience. We are not a marketplace. We are not a resale shop. We are a luxury brand.”
Luxury Garage Sale was founded in 2010 in Chicago to provide a curated and luxe buying and selling option in the $16 billion women's fashion resale market. The shopping platform is available across four different platforms, including a boutique in Old Town, website, eBay store, and pop-up shops around the country.
Brian Spaly will also join their board of directors. “Options are plentiful when shopping for luxury products. However, the sharing and resale economy neglects the luxe experience traditionally associated with designer shopping. Luxury Garage Sale stands for this experience. It is what makes their partners – both consigners and buyers – so loyal to their brand and offering. I look forward to supporting LGS as they expand their brand nationally,” Spaly said in a statement.
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