Poshmark Raises $160M in Series E

Poshmark has successfully raised $160M in a Series E at a $625M valuation led by Mayfield Fund, Menlo Ventures, Inventure Partners, Union Grove Venture Partners, Temasek Holdings, GGV Capital.

Company Overview

Poshmark is a E-commerce company headquartered in 203 Redwood Shores Parkway, Redwood City, CA 94065, founded in 2011 with 700+ employees.

Social commerce marketplace for fashion

Fundraising Details

Amount Raised: $160M
Round Type: Series E
Valuation: $625M
Date: 2024-11-11
Investors: Mayfield Fund, Menlo Ventures, Inventure Partners, Union Grove Venture Partners, Temasek Holdings, GGV Capital

About Poshmark

Social commerce marketplace for fashion The company is positioned in the E-commerce sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 203 Redwood Shores Parkway, Redwood City, CA 94065
Founded: 2011
Team Size: 700+
Industry: E-commerce

What This Means

This funding round demonstrates strong investor confidence in Poshmark's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The E-commerce sector continues to attract significant investment as companies innovate to meet evolving market demands. Poshmark's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $625M valuation marks an important milestone for Poshmark, positioning the company among notable players in the E-commerce industry.

Looking Ahead

With this new capital, Poshmark is well-positioned to execute on its growth strategy and continue building innovative solutions in the E-commerce space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-11. For more information about Poshmark, visit their headquarters at 203 Redwood Shores Parkway, Redwood City, CA 94065.