TheRealReal, Inc.

The RealReal operates as the world's largest online marketplace for authenticated, resale luxury goods. The company provides an end-to-end service to facilitate luxury resale, creating a trusted and curated online marketplace for global buyers. Since its inception, The RealReal has developed a loyal base of consignors and buyers through investments in its technology platform, logistics infrastructure, brand, and personnel. The online marketplace offers a wide selection of authenticated, primarily pre-owned luxury goods from thousands of luxury and premium designers. Top-selling designers include Cartier, Chanel, Christian Dior, Gucci, Hermès, Louis Vuitton, Prada, Rolex, Saint Laurent, Tiffany & Co., Van Cleef & Arpels, and Bvlgari. Products are available across categories such as women's fashion, men's fashion, jewelry, and watches. The company focuses on three strategic pillars: unlocking supply through its growth playbook, driving operational efficiency with technology, automation, and proprietary data, and prioritizing service for buyers and consignors. A network effect drives growth, where more consignors lead to increased luxury supply, a broader merchandise assortment, and more buyers, which in turn boosts sales velocity and consignor commissions. Many consignors are also buyers, enhancing this network effect. The RealReal also operates neighborhood retail stores, typically 1,800 to 3,500 square feet, which feature a selection of the company's online assortment. These stores are located in areas with high potential customer density, attracting new customers and offering an in-person consignment experience.