|Description||Authentic Luxury Marketplace|
|Series B, 2/2009 |
The Grosvenor Funds
|Partial Close, 1/2011 ||$1.41M|
Portero is the Leading Authentic Luxury Marketplace providing a trusted place for consumers to find and buy new and vintage luxury items. Portero accomplishes this by operating a fast growth market platform that facilitates sales of luxury items by offering certified dealers, vendors and brands a unified selling platform that maintains brand and item integrity and the assurance of authenticity. Items on Portero.com include pre-owned (often in original packaging), vintage and new. All are certified and guaranteed authentic with a focus on watches, accessories, handbags and jewelry (and art).
Porteroâ€™s industry expertise, combined with their new, innovative technology delivered in 2009, will position the company to deliver a superior and varied consumer shopping experience beyond the siteâ€™s current successful auction platform, including e-commerce, private member sales, brand event merchandising and product-of-the-day offerings. In 2008, Portero reported over 100 percent increase in revenue year-over-year, and projects revenues to increase by more than 100 percent in 2009.