Luxury Promise secures £8m in Series A follow-on funding led by Beringea
The funding will support international expansion, team growth, and the scaling of the live shopping platform.
Share allotment filed at Companies House
Luxury Promise operates a global e-commerce platform for buying, selling, and swapping authenticated pre-owned luxury goods.
London-based Luxury Promise has secured £8m in a Series A follow-on funding round led by Beringea. The investment also drew participation from new strategic backers, including Francois Delage, Pierre Denis, Chryseis Tan, Nick Evans, Spencer Skinner, and Lena Tan.
The capital will be deployed to support international expansion, increase headcount across operational, logistics, and finance teams, and scale the live shopping platform for global audiences across multiple time zones and languages.
Since 2019, the firm has achieved sales growth exceeding 450 percent, driven primarily by its innovative live shopping format that combines product authentication with educational content.
From the founder
"Luxury Promise is on a mission to disrupt the luxury resale market through our community-first approach to live shopping. This raise enables us to build upon our rapid growth, roll out our live streaming platform on a wider international scale as well as scale our operations and tech integrations to fortify our presence as a leading global player in luxury resale"
Sabrina Sadiq
Founder and CEO at Luxury Promise
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Scale operations
Investors
About the company
Luxury Promise
Luxury Promise runs a live shopping and e-commerce platform for pre-owned luxury items.