Rebagg has closed $8 million in a Series A funding round, led by existing investor General Catalyst. FJ Labs (the holding company of Fabrice Grinda and Jose Marin), Metamorphic Ventures, Crosslink Capital, Founder Collective and Big Sur Ventures-Necotium.
Rebagg purchases pre-owned designer handbags from individual owners, who submit pictures to Rebagg in exchange for a guaranteed price quote. Once the quote is accepted by the owner, the product is either picked up via free courier in New York City, or is shipped for free within the United States.
[Image courtesy: Rebagg]