Munich-based SACLÀB, an online marketplace for pre-loved luxury designer bags, announced that it has raised €1.6M in a Seed round of funding.
The investment came from two VCs – Trind Ventures from Estonia and G-Fund from Germany.
SACLÀB says that the raised funds will be primarily used for marketing, human resources, and technological infrastructure in order to scale up these areas.
The company aims to increase its growth tenfold.
Founded in 2018 by siblings Alexandra and Jan-Oliver Stück, SACLÀB is an online store where users can purchase and trade pre-owned, ultra-luxury handbags from brands like Hermès, Chanel, Dior, and others.
What makes SACLÀB unique is that the community does not directly exchange handbags. Rather, the German startup provides a selected product inventory and a 360-degree personal service for vendors.
Since its inception, SACLÀB has built a client base for the purchasing and selling of so-called “waitlist bags” in more than 20 countries and is regarded as a premier location among collectors globally.
In the summer of 2022, SACLÀB claims to have sold the most expensive handbag ever listed in Germany for €265,000, a rare exotic leather Hermès Birkin 20 Faubourg Sous La Neige.
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