5 years ago

Luxury Promise Secures $3.75M Series A to Expand Resale Marketplace

  • Luxury Promise, a London-based marketplace for luxury handbags and accessories, has raised $3.75 million in Series A funding led by Beringea, with participation from existing investor Lloyd Amsdon

  • The company plans to use the funds to expand its offering, repair and workshop services, and open a storefront location

  • Founded in 2017, Luxury Promise offers pre-owned luxury goods, including handbags, with a focus on quality and authentication

  • The business operates in London and Dubai and features brands such as Hermes, Chanel, Louis Vuitton, and Van Cleef.

      • ProblemRetail

      "Buying and selling luxury handbags is a risky and time-consuming process with limited options for authentication and repairs, leading to lack of trust and low confidence in the market."

      Solution

      "Luxury Promise provides a trusted marketplace for buying and selling pre-owned luxury handbags, offering authentication, repairs, and a wide selection of luxury brands."

      Covered on