Second Hand Fashion E-Commerce Platform Plum Raised $20 Million in a Series B+ Round Funding

Second hand fashion E-commerce platform Plum raised $20 million in a series B+ round funding jointly led by a famous dollar-based fund of fund and the Japanese internet company Recruit and followed by Matrix Partners, Qiming Venture Capital and Jiuhe Venture Capital. Evering Capital was the exclusive financial adviser of this investment. The investment will be used on service upgrade and brand building.

Established in 2017, Plum focuses on second hand fashion transactions. It adopts C2B2C model to provide a transaction platform for high-end authentic clothes.