Fashionphile is a Carlsbad, Calif.-based pre-owned e-commerce company that focuses exclusively on ultra-luxury handbags, watches and fine jewelry. Founded in 1999 and led by CEO Ben Hemminger, the company operates a direct buyout model and emphasizes authentication. It has developed proprietary technologies, including patent-pending visual recognition technology, used in its authentication and operations. Fashionphile plans to use new capital to drive operational and geographic scale by expanding its omnichannel footprint and opening regional fulfillment centers domestically and abroad. The company also intends to advance its suite of proprietary technologies with a focus on enhanced automation and artificial intelligence. Financially, Fashionphile raised $38.5M in a Series B round led by NewSpring Growth, following a minority investment from Neiman Marcus in April 2019.

Total raised

$39M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2020