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Queenly’s marketplace for formalwear gets millions in round led by A16z

Queenly, a resale marketplace for formalwear, announced on Friday that it has grown its seed round to $6.3 million in a financing round led by Andreessen Horowitz’s Connie Chan. The financing event brings Queenly’s total venture raised to date at $7.1 million.
Queenly sees itself as a “StockX” for formalwear, but has its own hold on the resale market for luxury goods. The startup gets consumers to list their used dresses – whether it be from weddings, proms, or pageants – on the platform to sell at a discounted price to others. Sellers then make about 80% of the listed price when a dress is sold, while buyers get a unique dress that wouldn’t have been worn gain anyways.

The StockX EC-1
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