Kream, a luxury resale platform, raised $168M in a Series C funding round.

 

Kream, a luxury resale platform, raised $168M in a Series C funding round.  The round, led by Altos Ventures, more than doubled the firm's value from $306M to $742M. Kream was founded in 2020 as "Snow," an operation that focused on camera apps for South Korean web portal Naver. Kream split from Naver in January 2021. The firm's user base has jumped from 2.2 million to 5.3 million since October last year. Kream's gross merchandise value (GMV) rose by 270% in Q3 and by 190% in Q4. The luxury resale firm checks the authenticity of every product sold on the platform.