NY-based Portero has raised $6.6 million in VC funding in a round led by LFE Capital and joined by return backers like The Grosvenor Funds. The company, founded in 2004, operates an online marketplace and auction service for branded and authenticated luxury goods from more than 180 brands.
Portero.com offers pre-owned vintage and new goods, with a focus on watches, handbags, accessories and jewelry, all certified authentic and often in original packaging. To verify authenticity of goods, Portero draws on the experience of in-house specialists, by working with outside experts, and in some cases even by partnering with selected luxury brands directly.
As Leslie Frécon, CEO of LFE Capital and a fresh Portero board member, notes in the news release, this is an industry rife of counterfeits. If Portero manages not to screw up and remain a trusted brand, they’ve got something going for them.