Luxury Garage Sale gets $5M for more resale shops, e-commerce investment

Chicago upscale resale company Luxury Garage Sale has landed its second round of funding in the last year and a half to bring its gently used designer fashion to new cities.

The $5 million Series A investment round was led by Boston-based 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 seed funding round last February, the company said.

That money 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.

With the new cash, Luxury Garage Sale plans to open 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 said.