August 22, 2012, 3:23 PM

An e-retailer of used clothes raises $4 million

Twice plans to hire engineers, designers and other employers.

Thad Rueter

Senior Editor

Lead Photo

Twice, which runs an e-commerce site for used clothes, has raised $4 million in a Series A funding round. The company says it will use the capital to hire engineers, designers and other employees.

Twice, founded in 2011, operates liketwice.com. Twice focuses on women’s clothes and buys used apparel from consumers, and then sells dresses, skirts, pants and other clothing on the site.

The funding round was led by IA Ventures and included Felicis Ventures, Lerer Ventures, SV Angel, CrunchFund and High Line Venture Partners, among others. IA Ventures founder and managing partner Roger Ehrenberg joins the Twice board of directors. Twice says it has raised a total of $4.6 million.

"These are some of the best investors in the world, and also people we've wanted to work with for years," said Noah Ready-Campbell, Twice co-founder and CEO. "Secondhand clothing is a multibillion-dollar market, and we feel extremely fortunate to be able to work with IA's Roger Ehrenberg and the rest of our syndicate to tackle this opportunity."

Twice is based in San Francisco.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement