This financing round was led by prominent venture investor John Doerr, whose firm Kleiner Perkins has funded the likes of Rent the Runway and The Wing.

Tradesy, a peer-to-peer luxury resale marketplace, was founded in 2012 by Tracy DiNunzio, who serves as chief executive. The company’s new funding, announced Thursday, Sept. 16, will go toward category expansion, including a foray into menswear, as well as new technology that makes product search and discovery easier for the consumer.

Alongside the new funding round, Tradesy announced two new hires: VC veteran Amy Gershkoff Bolles as chief operating officer and former SoftBank advisor Jeffrey Housenbold as board chairman.

Learn more:

The Future of Fashion Resale Report — BoF Insights

BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy.