Poshmark shows 2020 revenue growth, profits in IPO filing
December 21, 2020
Online fashion resale marketplace Poshmark has filed for an IPO, revealing revenue growth and profits this year. The company posted revenue of $192.8 million, up 28% year-over-year, and a $20.9 million profit for the nine months ended Sept. 30. In late 2017, Poshmark was worth $625 million, according to PitchBook data. It counts Mayfield (26.5% pre-IPO stake), Menlo Ventures (15.8%), Inventus Capital (10.4%) and GGV Capital (7.9%) among its top shareholders.