Threadflip operates an online marketplace (with iPhone and iPad apps) where women can list and purchase fashion items. Sellers can use a self-service option that takes a 20% fee or a concierge service that manages photographing, cleaning, listing, and buyer interactions for a 40% commission. The concierge service launched a few months before the article and scaled rapidly—about 1,000 requests per day—and grew from 10% to 35% of the company's business. Concierge-listed items have a roughly 78% sell-through rate versus 30–40% for self-service listings. Threadflip announced a $13M funding round to expand the operationally intensive concierge offering; the company had previously raised $8.1M. The company was founded in 2012 and is based in San Francisco. Threadflip operates an online marketplace for secondhand clothing with social shopping features and a growing mobile presence. The company launched an iOS app to let users buy items, view new posts, track trending items, and see items remaining in sellers' closets. Threadflip is expanding product offerings, including a broader rollout of its White Glove service and plans for Android and iPad apps. Founder Manik Singh reported that about 16% of the user base becomes sellers, a key early-growth metric. Management says the business is experiencing strong early growth and plans to use funding to build the team and improve user experience. The company positions itself to capture part of the multi-billion dollar online resale market by converting closets into curated boutiques. Threadflip operates a peer-to-peer marketplace focused on higher-end and curated secondhand fashion, allowing users to upload, sell and buy items beyond dresses. The product emphasizes user-friendly design with personalized profiles, recommendations, and the ability to follow individual users. It offers a seamless end-to-end shipping solution and a White-Glove Service for sellers, and integrates deeply with Facebook to add transparency and authenticity. Listing and discovery features include sorting by recency, popularity, recommended and size, plus Tastemaker Spotlights showcasing curated closets. The company charges sellers a 15% fee and has built relationships with fashion influencers and tastemakers. Near-term plans in the article include launching an iPhone app in two to three weeks and expanding internationally.

Total raised

$21M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2014