Secondary market sales of fashion and luxury goods are booming, with the global market for secondhand luxury goods growing by 28 percent in 2022 to reach $45.21 billion, according to Bain & Company. That is 1.3 times higher than the growth rate for new luxury goods. “The secondhand market is already worth 3 percent to 5 percent of the overall apparel, footwear, and accessories sector,” according to Boston Consulting Group, which says that the segment “could grow to as much as 40 percent, depending on macroeconomic conditions.” Such growth is likely to be helped by changing consumer preferences and the macroeconomic climate, with consumers increasingly tapping into the online consignment segment to save money and to shop more “sustainably.”
All the while, new market entrants have rushed to meet burgeoning demand (bringing “an increased supply of goods” with them, per Bain) and existing players are looking to differentiate themselves and their value propositions. Against this background, funding keeps pouring into the secondary market – whether it be funneled into new resale platforms or already-established ones that are looking to expand their operations, including in an international capacity – and all the while, given the increasingly crowded nature of the market, consolidation is starting to come into effect, with existing entities joining forces to grab a bigger share of the market.
With so much activity underway on the resale and rental space, we have compiled a tracker of funding and M&A events to provide a broad overview of which players are fundraising, merging, and what the trajectory of this segment of the market – which only appears to be gaining in steam – looks like more generally.
June 4, 2025 – Vivrelle Raises $62M Series C
Luxury accessories membership club Vivrelle has announced a $62 million Series C funding round led by Protagonist, marking a major step in its expansion strategy. The funding will support Vivrelle’s growth into new U.S. markets, diversification of its designer inventory, and the development of advanced technologies—including AI—to elevate its member experience.
Vivrelle, which was founded in 2018 by Blake Geffen, offers members rotating access to coveted handbags, jewelry, and accessories from leading luxury brands. “With this investment, we’re building a truly 360-degree luxury membership experience,” said Geffen. Protagonist’s Harry Hurst added, “Vivrelle is at the forefront of transforming how consumers engage with luxury, moving from ownership to access in a way that’s both aspirational and accessible.”
June 2, 2025 – Resale Platform Ziniosa Raises New Funds
Ziniosa has raised an undisclosed round of funding from Inflection Point Ventures as it looks to scale operations and establish a physical retail footprint. The Bengaluru-based preloved luxury fashion platform – known for its zero-inventory model and exclusive partnership with Tata Cliq Luxury – is expanding amid growing demand for authenticated secondhand fashion from brands like Louis Vuitton, Chanel, and Gucci.
Founded in 2020 by Ashri Jaiswal and Varun Ramani, Ziniosa plans to deploy the fresh capital toward building out its core team, enhancing technology infrastructure, and launching its first store within the next two years. The company also aims to expand its men’s category and broaden its product assortment. In a statement, Ziniosa said, “With support from IPV, we’re gearing up to scale across all fronts, from tech and team expansion to offline retail, while continuing to lead India’s preloved luxury movement.”
May 13, 2025 – MySize Acquires Assets From Percentil
MySize, Inc., a leader in AI-powered retail tech, has acquired key assets of second-hand fashion marketplace Percentil through its new Spanish subsidiary, New Percentil, S.L. The deal follows insolvency proceedings involving Percentil’s former owner and includes operations across Spain, France, Germany, and Italy. Founded to champion sustainable fashion, Percentil built a reputation as a premium re-commerce platform. With this acquisition, MySize plans to reposition Percentil toward a higher-margin, quality-focused marketplace. “This is not about growth at all costs,” said MySize CEO Ronen Luzon. “We are focused on smart, cash-efficient scaling — with a model that generates EBITDA-positive returns from the very beginning.”
Apr. 10, 2025 – Faume Raises €8M in New Round
Faume, the second-hand fashion tech startup, has raised €8 million ($8.8 million) in a round led by Amundi Private Equity Transition, with participation from Daphni and Bpifrance’s Digital Venture. The company plans to accelerate its expansion into the UK and Italy, kicking off with a new partnership with the Victoria Beckham brand. “The second-hand market is booming, but raising funds does not necessarily mean success,” said CEO Aymeric Déchin. “Our solution proves that second-hand is both sustainable and profitable for brands.”
Faume supports premium brands with resale infrastructure, from AI-powered dynamic pricing to integrated logistics. Already working with over 45 labels, it aims to support 150 within four years. The company says 40% of the items it handles are sold outside France, with plans to enter North American and Asian markets in the long term.
April 16, 2025 – CaaStle Secures $2.75M Bridge Loan
CaaStle has secured a $2.75 million bridge loan from an existing investor as it faces mounting financial pressure and prepares for a potential Chapter 11 filing. The fashion rental platform—once known for powering services for Banana Republic, Macy’s, and Express—is navigating a scandal involving former CEO Christine Hunsicker, who stepped down last month amid allegations of financial misconduct. In addition to liquidity challenges, CaaStle is being sued by EXP, owner of the Express brand, for breach of contract and trademark infringement linked to the now-defunct Express Style Trial service.
The company stated, “All loan proceeds will be used to fund CaaStle’s critical operations and expenses related to considering strategic transactions and planning for a Chapter 11 process.”
Mar. 26, 2025 – Bought Raises $1.5M Pre-Seed Round
Finnish startup Bought has raised $1.5 million in pre-seed funding from Lifeline Ventures, Wave Ventures, and prominent angel investors including Wolt COO Marianne Vikkula, Swappie CEO Sami Marttinen, and other sustainability-focused backers. Bought uses AI to streamline secondhand fashion sales by automatically creating listings from users’ online shopping history, eliminating the need to photograph and describe each item. “Eventually, I thought, This can’t just be me. There must be a better way. That frustration led to Bought,” said CEO and Co-Founder Erik Kymäläinen.
In tandem with the funding, Bought has acquired Zadaa, a Nordic secondhand fashion platform with over 500,000 users across Finland, Denmark, and Germany. The acquisition will help scale Bought’s user base and accelerate the integration of Zadaa’s community into its AI-powered platform.
This is a short excerpt from a data set that is published exclusively for TFL Pro+ subscribers. For access to our up-to-date resale investment and M&A tracker, inquire today about how to sign up for a Professional subscription.