Online community marketplace, Grailed has closed a $15 million USD Series A investment round led by Index Ventures. The total investment in the company now stands around $20 million USD. The additional cash infusion will go towards enhancing the customer experience, expanding marketing and growing product supply.
“Grailed was born out of a shared love for menswear, and we couldn’t be more grateful for the overwhelming customer and industry response we’ve seen in the past five years,” said Arun Gupta, co-founder and CEO. “We’re excited to create an even stronger community and expand our product offering to serve a fast-growing base of men’s and women’s fashion customers all over the world–with a trusted point of view they can’t find anywhere else.”