Luxury Garage Sale secures 5 million dollars in Series A funding

Luxury Garage Sale, a Chicago-based designer brand re-sale online platform of designer brand and vintage wardrobe items, has 5 million dollars in Series A funding.

As reported by the ‘Chicago Tribune’, this is the second investment the fashion e-tailer gets since it was launched five years ago.

The fundraiser was led by Data Point Capital and includes investments from Chicago Ventures, Hyde Park Angels, Pallasite Ventures and Trunk Club CEO Brian Spaly, who also took part in Luxury Garage Sale's 1.5 million dollars seed funding round last February, the company said.

First investment round’ proceedings helped Luxury Garage Sale open its first store outside Chicago, a Dallas boutique that opened in June, said CEO Lindsay Segal, who co-founded the company with Brielle Buchberg in 2011.

As of the use of the new funding, Luxury Garage Sale plans to expand their product offering, open new locations and enhance their online presence. The company is looking at opening two more boutiques this year. The company hasn't signed leases yet but is looking at markets where it already has an online following, Segal further explained.