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SAN FRANCISCO - Californian recommerce specialist Trove, which runs branded resale and trade-in platforms for fashion brands, has raised $30 million in a series E funding round.

The company, which has now raised more than $150 million in funding since it was founded, says the investment will fuel its expansion to meet "surging demand" for its branded resale solutions.

The latest funding round was co-led by Wellington Management and ArcTern Ventures, with support from Mitsui Fudosan’s CVC Fund, G2 Venture Partners, Prelude Ventures and other existing investors.

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