Poshmark Nabs $12M Series B Led By Menlo Ventures To Expand Its Mobile Fashion Marketplace Beyond iOS

Clothing swap meets have been happening for many years, so they are indeed a tried-and-true "industry" of sorts -- but can one be worth tens of millions of dollars? Well, it is scaled up to include people all over the world via the web and add in a major mobile angle, some big money is betting that it can. Poshmark, the startup that runs a mobile marketplace where women can buy and sell clothes from their own closets with each other, has raised $12 million in new funding.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/si1IThx1W6E/

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