• Handbag resale company Rebag raises 25 million in Series C funding round

    3 days ago - By Fashion United

    Luxury handbag ecommerce Rebag has received 25 million US dollars in a
    Series C funding round led by private equity firm Novator and existing investors General Catalyst and FJ Labs, bringing the total funding raised to 52 million US dollars.
    Similarly to eBay and The RealReal, Rebag allows people to buy and sell designer handbags from brands such as Gucci, Fendi, Chanel, Hermès and
    Louis Vuitton. Buyers are guaranteed the authenticity of second hand bags thanks to a legitimized authentication process, while sellers benefit from upfront payment. Instead of having to wait for a consignment...
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  • Reddit Just Received $150 Million USD From the Architect of China's Great Firewall

    Reddit Just Received $150 Million USD From the Architect of China's Great Firewall

    4 days ago - By Hypebeast

    Last week, a report by TechCrunch showcased that Reddit was raising roughly $150 million USD from Chinese-based tech firm Tencent, with the hopes of raising another $150 million USD in a Series D funding run. Now, Reddit has announced that they have acquired the $300 million USD they've been in search of, making the Condé Nast majority-owned company worth approximately $3 billion USD.
    The odd and rather eerie pairing means that one of the architects behind China's notorious Great Firewall has now invested into one of America's top free-speech message boards and social media platforms. This...
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