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Curtsy, a Clothing Resale App Aimed at Gen Z Women, Raises $11 Million Series A

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This article covers a Series A funding round for a clothing resale app and has no relevance to AI safety research or policy.

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Summary

Curtsy, a Gen Z-focused clothing resale app competing with Poshmark, raised $11 million in Series A funding led by Index Ventures. The app uses machine learning to streamline the listing process for casual sellers, automating price recommendations, category tagging, and image improvement. The round brings total funding to $14.5 million.

Key Points

  • Curtsy raised $11M Series A led by Index Ventures, with participation from Y Combinator, FJ Labs, and others.
  • The app uses machine learning to auto-fill listing details like brand, category, and suggested price for sellers.
  • Curtsy targets casual sellers rather than professional resellers, reducing friction in the listing process.
  • Human review complements ML systems to fix errors and moderate listings for quality and spam.
  • The platform aims to serve sustainability-minded Gen Z consumers who rotate wardrobes via resale.

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Curtsy , a clothing resale app and competitor to recently IPO’d Poshmark, announced today it has raised $11 million in Series A funding for its startup focused on the Gen Z market. The app, which evolved out of an earlier effort for renting dresses , now allows women to list their clothes, shoes and accessories for resale, while also reducing many of the frictions involved with the typical resale process.

 The new round was led by Index Ventures, and included participation from Y Combinator, prior investors FJ Labs and 1984 Ventures, and angel investor Josh Breinlinger (who left Jackson Square Ventures to start his own fund).

 
 
 
 

 
 
 
 

 To date, Curtsy has raised $14.5 million, including over two prior rounds, which also included investors CRV, SV Angel, Kevin Durant, Priscilla Scala and other angels.

 Like other online clothing resale businesses, Curtsy aims to address the needs of a younger generation of consumers who are looking for a more sustainable alternative when shopping for clothing. Instead of constantly buying new, many Gen Z consumers will rotate their wardrobes over time, often by leveraging resale apps.

 However, the current process for listing your own clothes on resale apps can be time-consuming. A recent report by Wired , for example, detailed how many women were spinning their wheels engaging with Poshmark in the hopes of making money from their closets, to little avail. The Poshmark sellers complained they had to do more than just list, sell, package and ship their items — they also had to participate in the community in order to have their items discovered.

 Curtsy has an entirely different take. It wants to make it easier and faster for casual sellers to list items by reducing the amount of work involved to sell. It also doesn’t matter how many followers a seller has, which makes its marketplace more welcoming to first-time sellers.

 “The big gap in the market is really for casual sellers — people who are not interested in selling professionally,” explains Curtsy CEO David Oates. “In pretty much every other app that you’ve heard about, pro sellers really crowd out everyday women. Part of that is the friction of the whole process,” he says.

 
 
 
 
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