The Luxury Closet
Growth Score40DXBi Rank30Heat Score100The Luxury Closet DMCC (trading as The Luxury Closet)
The region's leading marketplace for authenticated pre-owned and new luxury goods
Media
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M&A advisors help The Luxury Closet raise $14 million capital
The Luxury Closet raises $14m for expansion
Chasing Sustainability, Huda Beauty Participates In $11M Investment Round
The Luxury Closet gets $11m cash investment from Huda Beauty
Huda Beauty Investments strategic partnership
Investors have poured more than $134 million into luxury resale since April
Acquisition of Guiltless (Hong Kong)
The Luxury Closet Bags $8.7M In Growth Funding From Investors Led By MEVP
Dubai-based 'The Luxury Closet' raises $8.7 million for its luxury resale marketplace
Overview
Total Funding
$48M
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Private
- Funding Stage
- Series C+
- Headquarters
- Dubai, United Arab Emirates (Al Quoz 3)
- Founded
- 2012
- Company Size
- 51-200 employees
- Website
- theluxurycloset.com
Products & Services
The Luxury Closet Marketplace
Core online marketplace for buying, selling and consigning authenticated pre-owned luxury designer items (1,000+ brands, ~2,500 new arrivals weekly, 390,000+ items sold to date).
The Luxury Closet Mobile App
iOS/Android shopping app for the resale marketplace, serving customers across 80+ countries.
Authentication Service / Lifetime Authenticity Guarantee
In-house authentication of items by 15+ experts including gemologists, backed by a lifetime authenticity guarantee on every item sold.
Flagship Retail Store (Al Quoz, Dubai)
Physical showroom/store location (R-10, Q East Mall, Al Quoz 3, Dubai) complementing the online marketplace.
People
Technology
No technology or web presence data on file yet.
Financials
Series C+
Funding stage
$48M
Total raised
Funding rounds
Projects
Acquisition of Guiltless (Hong Kong)
The Luxury Closet acquired the Hong Kong operations of pre-owned luxury goods platform Guiltless.com, establishing a presence in the Asian market with local delivery and concierge services.
May 19, 2019
Huda Beauty Investments strategic partnership
Huda Beauty Investments (the private investment office of Huda, Alya & Mona Kattan and Christopher Goncalo) invested in The Luxury Closet, with Mona Kattan joining the board; partnership aimed to leverage Huda Beauty's social following to grow adoption of luxury resale.
Sep 1, 2020
$14M Series D equity round
GMP Investments led a $14 million Series D equity round in The Luxury Closet to fund international expansion, with participation from Huda Beauty Investment, HB Investments, Nazer Group and MEVP; advised by Awad Capital and Drake Star Partners.
$14M
Jul 5, 2021
HB Investments Strategic Partnership with The Luxury Closet
Huda Beauty founders' investment office HB Investments took a stake making it a principal shareholder in The Luxury Closet, paired with a strategic partnership to grow brand awareness and drive adoption of luxury resale; Huda Beauty co-founder Mona Kattan joined The Luxury Closet's board of directors as part of the deal.
$11M
Sep 15, 2020
Similar Companies
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Press & Announcements
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