The Luxury Closet

#FashionGoals. Authority on Circular Luxury. 100% Authentic

General Information
Company Name
The Luxury Closet
Founded Year
2012
Location (Offices)
United Arab Emirates +1
Founders / Decision Makers
Number of Employees
211
Industries
E-Commerce, Retail
Funding Stage
Series Unknown
Social Media

The Luxury Closet - Company Profile

The Luxury Closet is a rapidly expanding online platform in the E-Commerce and Retail industries. It is dedicated to buying, selling, and consigning luxury items, predominantly pre-owned, at reduced prices while ensuring brand and item integrity as well as authenticity. The company was founded in 2012 and has quickly emerged as a pioneering entity in the GCC region. With unmatched market reach, exceptional monthly growth, and the support of HB Investments and Middle East Venture Partners (MEVP), The Luxury Closet has experienced significant traction. It has consistently achieved double-digit growth each month, making it an attractive investment opportunity for venture capitalists seeking exposure to the booming luxury e-commerce market.

Taxonomy: luxury marketplace, pre-owned luxury items, GCC region, fast-growing, authenticity assurance, market scalability, discounted luxury items, market traction, monthly growth, brand integrity, luxury consignment, authentic luxury items, marketplace expansion, online destination

Funding Rounds & Investors of The Luxury Closet (4)

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Funding Stage Amount No. Investors Investors Date
Venture Round Unknown 2 Middle East Venture Partners (MEVP) 01 Sep 2020
Series C $10.70M 7 Saned Partners, Middle East Venture Partners (MEVP) 27 Jul 2018
Series B $4.60M 1 25 Sep 2016
Series A $2.80M - 01 Apr 2015

Latest News of The Luxury Closet

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No recent news or press coverage available for The Luxury Closet.

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