The RealReal Reels In $50 Million As Brick-And-Mortar Strategy Becomes Reality

Luxury consignment retailer The RealReal has closed a $50 million growth equity financing round from private equity firm Great Hill Partners. Since its inception, the company has acquired $173 million in funding.

The RealReal will use this latest round of financing to scale operations, category expertise and expand its Luxury Consignment Offices and retail concepts. The RealReal’s CEO and Founder Julie Wainwright revealed in an interview with TechCrunch that the company is developing a brick-and-mortar strategy — starting with a New York City location that is scheduled to…