Resale Platform Powering Lululemon Valued Above $200 Million

Trove Recommerce, a maker of online platforms for brands such as Lululemon and Patagonia to sell used goods, raised $77.5 million from investors trying to get in on the hottest part of the apparel market.

The Series D round, led by G2 Venture Partners, brings the company’s total funding to $122.5 million, Trove said. The investment increases the company’s valuation to between $200 million and $300 million, according to a person familiar with the deal who asked not to be identified. Trove declined to comment on the valuation or other financial metrics. However, it did say that in ...