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The Luxury Closet
Pre-owned luxury items provided at a discount
About The Luxury Closet
The Luxury Closet is an online marketplace specializing in the buying and selling of pre-owned luxury items, including bags, watches, shoes, and clothing for both men and women. Operating primarily in the UAE and USA, the company targets fashion-conscious consumers looking for high-end designer products at significantly reduced prices. The business model revolves around consignment, where sellers list their luxury items on the platform, and The Luxury Closet takes a commission on each sale. This model allows the company to offer a wide range of products without holding large amounts of inventory. Revenue is generated through commissions on sales and potentially through premium listing fees. The platform ensures the authenticity of all items, providing a trustworthy shopping experience for its clients.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Dubai, United Arab Emirates
- Employees
- 266
- Open positions
- 14
- Dealroom signal
- 89.3/100
- Industry
- Fashion
- Sub-industry
- Luxury
- Sector
- eCommerce & Marketplaces, Human Resources, Verification, Accessories, Luxury, Lifestyle, Shoes
- Technology
- Artificial Intelligence, Hardware, Machine Learning, Augmented Reality
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 1 company, latest May 2019
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jun 2021 | $14M | $56M | GMP Capital · Huda Beauty | — |
| LATE VC✓Equity / VC | Sep 2020 | $0 | — | Middle East Venture Partners · Huda Beauty | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for The Luxury Closet is 1.2M monthly website visits, up 34.8% over the last three months. The Luxury Closet's team grew 12.2% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Middle East Venture Partners
Series A2 investors entered at this stage
MENA Venture Investments / MVI
Arzan VC
Series B and later4 investors entered at this stage
Saned
Wamda Capital
Huda Beauty
GMP Capital
Other known investors5 additional known investors
Dtec Ventures
Knuru Capital
Mona Kattan
Strowlers Ventures
Turki (Ayed) AlJeaid
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about The Luxury Closet on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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