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Online fashion resale platform ThredUp secures $100M

ThredUp Inc., an online fashion resale marketplace, raised $100 million from new and existing investors, TechCrunch reported, citing founder and CEO James Reinhart.

Park West Asset Management LLC and Irving Investors LLC participated in the round, along with existing investors Goldman Sachs Investment Partners LP, Upfront Ventures, Highland Capital Partners and Redpoint Ventures.

ThredUp has now pulled in more than $300 million in capital. The company also formed a partnership that will allow it to sell its goods in Macy's and JCPenney stores, with up to 40 stores participating in the pilot stage of the program, Reinhart said in an interview with the news outlet.