Poshmark, a Mobile Clothing Marketplace, Raises $25 Million

The company, which counts celebrities like Rachel Zoe and Ashton Kutcher among its backers, has raised a total of $47.2 million in venture funding to date.

There are no shortage of places for women to sell their used clothing online. For a while, it felt like a new secondhand marketplace launched every week. But over the last year, the field narrowed. The remaining players either focus on exclusively on high-end luxury consignment, like The RealReal, or on building thriving secondhand communities. Poshmark, headquartered in Menlo Park, Calif., has emerged as a major player in the latter group.