Poshmark Acquisition, Valuation, Funding & Investors
Poshmark was acquired by NAVER for $1.2B in October 2022, a 3.4x multiple on $352M of revenue.
Poshmark revenue at acquisition
$352M
Last twelve months · Oct 2022
Poshmark revenue multiple at acquisition
3.4x
EV/Revenue · Oct 2022
Cumulative funding Poshmark raised
$138M
across 3 funding rounds
About Poshmark
Poshmark is a social marketplace for fashion, founded in 2011 and based in Redwood City, California, where users buy, sell, and share new and secondhand clothing, shoes, and accessories. The platform combines social-media-style features, such as browsing other users' collections and community-driven styling, with e-commerce, taking a commission on each item sold. Poshmark grew to millions of registered users and tens of millions of listed items, expanding beyond women's fashion into new categories and markets before going public in 2021.
Founded
2011
HQ
United StatesWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Commission
Revenue
$100M (Nov 2017)
Valuation
$600M (Nov 2017)
Poshmark Acquisition
Poshmark was acquired by NAVER for $1.2B on 3 October 2022.
The acquisition price implies a 3.4x revenue multiple on $352M of revenue.
Before the acquisition Poshmark had raised $138M across 3 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 3 Oct 2022 | Strategic M&A | $1.2B | 3.4x |
Poshmark Valuation
Poshmark is currently valued at $600M, based on its Series D in November 2017.
The $88M round was led by Temasek, with participation from Menlo Ventures, Inventus Capital Partners, Uncork Capital, K2 Global, Mayfield Fund and 1 other investor.
Poshmark valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2017 | Series D | $600M | 6.0x |
Poshmark Revenue
Poshmark's latest recorded revenue is $100M, as of its Series D in November 2017. At a $600M valuation, that implies a 6.0x revenue multiple.
Poshmark revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2017 | $100M | $600M | 6.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Poshmark Funding History
Poshmark has raised a total of $138M across 3 funding rounds.
Poshmark's first fundraising round was a $25M Series C in April 2015. The most recent completed round was a $88M Series D in November 2017.
Poshmark funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2017 | Series D | Temasek (lead); Menlo Ventures; Inventus Capital Partners; Uncork Capital; K2 Global; Mayfield Fund; Notable Capital | $88M | $600M | Poshmark is a social marketplace for fashion founded in 2011 and based in Redwood City, California, where users buy, sell, and share clothing and accessories, taking a 20% commission on each item sold. The platform emphasizes a social media-like experience with features like browsing friends' collections and community-driven styling, boasting 25 million items listed and over three million Seller Stylists sharing seven million items daily as of November 2017. One in 50 U.S. women used Poshmark, with growing popularity among millennials, men, and across geographies like California, and plans for international expansion into Europe and Asia. On November 14, 2017, Poshmark announced an $87.5 million Series D funding round led by Temasek Holdings, with participation from Mayfield, Menlo Ventures, GGV Capital, Inventus Capital, Uncork Capital, Union Grove Venture Partners, and Cross Creek Advisors, bringing total funding to nearly $160 million. The capital supports scaling the community-driven model, product innovations like Poshmark Stylist Match (an in-app social styling engine with Amazon Alexa voice-enabled skills), and disrupting the $2.4 trillion global fashion industry. CEO Manish Chandra highlighted the focus on highly engaged users spending 25 minutes daily on the platform. Earlier in 2017, Poshmark was reported as profitable and on track for $100 million in revenue, reflecting strong traction with no inventory costs unlike competitors such as the now-defunct Threadflip. The company had hired a CFO the prior year and eyed an eventual IPO. |
| Apr 2016 | Series D | Notable Capital (lead); Menlo Ventures; Union Grove Venture Partners; Founders Circle Capital; Inventus Capital Partners; Uncork Capital; AngelList; Shea Ventures; Mayfield Fund; Knollwood Investment Advisory | $25M | - | Poshmark is a social marketplace for fashion where users buy, sell, and share style, initially launching as a mobile app in 2011 before expanding to desktop. The company raised $25 million in its first Series D round in April 2016, led by Notable Capital, with participation from existing investors including Mayfield Fund, Menlo Ventures, Inventus Capital Partners, AngelList, and others matching the query. This brought total funding to over $70 million at the time, aimed at further expanding the platform and improving user experience. By April 2016, Poshmark had attracted 1.5 million sellers, adding hundreds of thousands monthly, and was differentiating through community-focused features like in-person events and partnerships with fashion labels for wholesale merchandise resold at markup. It competed in the online consignment space amid consolidation, positioning itself strongly in mobile shopping with plans to enter categories like children’s clothing. Poshmark continued growing, eventually going public in 2021 at over $3 billion valuation before acquisition in 2023 at around $1.2 billion enterprise value. |
| Apr 2015 | Series C | Inventus Capital Partners (lead); Menlo Ventures; Union Grove Venture Partners; Rick Marini; Marc Bell Ventures; Naval Ravikant; Uncork Capital; Aslanoba Capital; Shea Ventures; Mayfield Fund; Knollwood Investment Advisory | $25M | - | Poshmark is a mobile-first social commerce marketplace for fashion, enabling women to buy, sell, and share secondhand and new clothing, shoes, accessories, and other items directly from their phones. Launched in 2012, it had grown to millions of registered users, over 700,000 sellers, and more than 10 million items listed by April 2015. Sellers uploaded over $2 million in new inventory daily, with the platform processing millions of orders daily, primarily everyday fashion but including high-end items up to $5,000. On April 21-25, 2015, Poshmark raised $25 million in Series C funding led by Inventus Capital Partners, with participation from Mayfield Fund, Menlo Ventures, Union Grove Venture Partners, Shea Ventures, SoftTech VC (Uncork Capital), and others including Aslanoba Capital, Knollwood Investment Advisory, Marc Bell Ventures, Naval Ravikant, and Rick Marini, bringing total funding to $47.2 million. The funds were intended to scale the business, collaborate with designers and brands, and expand beyond women's fashion. At the time, over 90% of users and revenue came from mobile, with high engagement of 7-9 daily check-ins and over 20 minutes per session. Traction included a $200 million annual sales run rate this quarter, doubling revenue in six months, and approximately $17 million in monthly goods sales with Poshmark taking a 20% cut. The company debuted a fashion experience for the Apple Watch alongside the funding announcement. |
Who has invested in Poshmark?
16 investors have backed Poshmark across its funding rounds, including Menlo Ventures, Mayfield Fund, Uncork Capital, Inventus Capital Partners, Notable Capital and Knollwood Investment Advisory.
Lead investors include Temasek, Notable Capital and Inventus Capital Partners.
Poshmark Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Participant | Apr 2015 | |
| San Francisco, CA | 3 | Lead | Apr 2015 | |
| San Francisco, CA | 3 | Participant | Apr 2015 | |
| United States | 3 | Participant | Apr 2015 | |
| Chapel Hill, NC | 2 | Participant | Apr 2015 | |
| Los Angeles, CA | 2 | Participant | Apr 2015 | |
| Baltimore, MD | 2 | Participant | Apr 2015 | |
| San Francisco, CA | 2 | Lead | Apr 2016 | |
 Singapore | 1 | Lead | Nov 2017 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Rick Marini | San Francisco, CA | 1 | Participant | Apr 2015 |
| Boca Raton, FL | 1 | Participant | Apr 2015 | |
| San Francisco, CA | 1 | Participant | Apr 2015 | |
| San Francisco, CA | 1 | Participant | Apr 2016 | |
This data is available for Pro users. Sign up to see all 16 Poshmark investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Poshmark
Poshmark has acquired 2 companies to date.
Last acquisition by Poshmark was on October 13th 2021. Poshmark acquired Suede One for undisclosed valuation.
Latest Acquisitions by Poshmark
| Description | Suede One authenticates luxury goods through a platform integrating machine learning, computer vision, and human expert review. Headquartered in New York, the service verifies items from brands like Louis Vuitton, Chanel, and Rolex for buyers and sellers on resale markets. | Totspot is a Mountain View-based mobile marketplace for buying and selling resale fashion items for children and adults. Shoppers filter listings by size, brand, and preferred sellers to secure average savings of 70% below retail prices. Sellers upload items in under 60 seconds through an intuitive app that manages all transactions securely. Launched in 2013 as part of 500 Startups Batch 9, Totspot streamlines family clothing exchanges with Instagram-style browsing and personalized feeds. |
| HQ Country | | |
| HQ City | New York City, NY | San Francisco, CA |
| Deal Date | 13 Oct 2021 | 13 Oct 2016 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Poshmark acquisitions and their M&A valuation multiples. Start Free Trial | ||
Poshmark Competitors
Poshmark competitors include listed companies like ThredUp and The RealReal, and private ones like Droom, SeatGeek, The Good Glamm Group and Chrono24.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $311M | ($5M) | $317M | 0.9x | |
 Haryana | Private | $54M | - | $1.2B | 22.2x | |
| New York City, NY | Private | $186M | - | $1.2B | 6.5x | |
| New Delhi | Private | $120M | - | $1.2B | 10.0x | |
 Karlsruhe | Private | $215M | - | $1.2B | 5.4x | |
| United States | Publicly listed | $693M | $15M | $1.2B | 2.0x |
Poshmark Public Comps
Poshmark is no longer listed, but its public comps include BuySell Technologies, The RealReal, Alma Media, Yelp, Baltic Classifieds Group, Upwork, Mony Group, Izumi Co, Tripadvisor and LegalZoom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
This data is available for Pro users. Sign up to see all Poshmark competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Poshmark
| When was Poshmark founded? | Poshmark was founded in 2011. |
| Where is Poshmark headquartered? | Poshmark is headquartered in United States. |
| Is Poshmark publicly listed? | No, Poshmark was acquired by NAVER in October 2022. |
| Who acquired Poshmark? | Poshmark was acquired by NAVER in October 2022. |
| How much was Poshmark acquired for? | Poshmark was acquired for $1.2B in October 2022, a 3.4x revenue multiple. |
| What is Poshmark's valuation? | Poshmark was last valued at $600M in its Series D in November 2017. |
| How much funding has Poshmark raised? | Poshmark has raised $138M across 3 funding rounds. |
| What was Poshmark's last funding round? | Poshmark's last funding round was a $88M Series D in November 2017, led by Temasek. |
| Who are Poshmark's investors? | Poshmark's investors include Menlo Ventures, Inventus Capital Partners, Uncork Capital, Mayfield Fund, Union Grove Venture Partners, Shea Ventures, Knollwood Investment Advisory, Notable Capital, Temasek, Rick Marini and 6 others. |
| What is Poshmark's revenue? | Poshmark's latest recorded revenue is $100M (November 2017). |
| What is Poshmark's revenue multiple? | Poshmark's latest valuation implies a 6.0x revenue multiple ($600M valuation on $100M of revenue). |
| Which companies are comparable to Poshmark? | Companies comparable to Poshmark include ThredUp, Droom, SeatGeek, The Good Glamm Group, Chrono24 and The RealReal. |
| How many companies has Poshmark acquired? | Poshmark has acquired 2 companies, including Suede One and Totspot. |
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