When was Luxury Promise founded?

Luxury Promise was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Luxury Promise located?

Luxury Promise is headquartered in London, United Kingdom. It is registered at New World Capital Advisors, 22 Upper Brook Street, London, United Kingdom, W1K 7PZ.

Which legal entities is Luxury Promise associated with?

Luxury Promise is associated with LUXURY PROMISE LIMITED.

How many employees does Luxury Promise have?

As of Aug 31, 2026, the latest employee count at Luxury Promise is 35.

Is Luxury Promise a funded company?

Luxury Promise is a funded company, having raised a total of $20M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 21, 2016.

How much is Luxury Promise worth?

The latest valuation of Luxury Promise is £***** as of Mar 01, 2024.

When was the latest funding round of Luxury Promise?

Luxury Promise's latest funding was a $***** Series B round on Mar 01, 2024, with participation from 0 investor.

What is the annual revenue of Luxury Promise?

Annual revenue of Luxury Promise is between £10M and £50M as on Dec 31, 2025

Where does Luxury Promise rank among its competitors?

Luxury Promise ranks 2nd amongst 17 active competitors, of which 9 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was TILT, which secured $26M in Feb, 2026.

Who are the top competitors of Luxury Promise?

Luxury Promise's top competitors include TILT, GRIP and Cudoni. Among them, TILT secured the most recent funding round in February, 2026.

Luxury Promise - 2026 Company Profile, Team, Funding, Competitors & Financials

Luxury Promise is a series B company based in London (United Kingdom), founded in 2016 by Adam Sadiq. It operates as an Online consignment platform for pre-owned luxury fashion accessories. Luxury Promise has raised $20M in funding from Beringea, with a current valuation of £*****. The company has 17 active competitors, including 9 that are funded. Its top competitors include companies like TILT, GRIP and Cudoni.

Company Details

Online consignment platform for pre-owned luxury fashion accessories. The product catalog includes wallets, handbags, headwear, eyewear, watches, shoes, jewelry, apparel, and other fashion accessories. It also provides live shopping experience for the customers.

Website: luxurypromise.com
Social
Email ID: *****@luxurypromise.com
Phone Number: +44 **********
Registered Address: New World Capital Advisors, 22 Upper Brook Street, London, United Kingdom, W1K 7PZ

Key Metrics

Founded Year

2016

Location

London, United Kingdom

Stage

Series B

Total Funding

$20M in 7 rounds

Latest Funding Round

Series B, Mar 01, 2024, $*****

Post Money Valuation

£***** as on Mar 01, 2024

Investors

Beringea & 21 more

Ranked

2^nd among 17 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2025

Employee Count

35 as on Aug 31, 2026

Similar Companies

TILT & 157 more

View Luxury Promise's full profile

Luxury Promise is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
LUXURY PROMISE LIMITED CIN: 10304431 , United Kingdom, Active	Jul 31, 2016	£10M - £50M (As on Dec 31, 2025)	3 (As on Aug 31, 2019)

Luxury Promise has raised a total funding of $20M over 7 rounds. Its first funding round was on Dec 21, 2016. Luxury Promise has 5 institutional investors and 17 angel investors.

Here is the list of recent funding rounds of Luxury Promise:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 01, 2024	2233666	Series B	3859288	9165914	7727787	6914906
Dec 23, 2021	5533087	Series B	7351010	1157331	4580616	François Delage & 5 more
Feb 22, 2021	9073927	Series A	3127051	4814433	1517982	2323090

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View details of Luxury Promise's funding rounds and investors

The founders of Luxury Promise is Adam Sadiq.

Here are the details of Luxury Promise's key team members:

Adam Sadiq: Co-Founder of Luxury Promise and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.

View details of Luxury Promise's Founder profiles and Board Members

Luxury Promise's employee count trend

Luxury Promise has 35 employees as of Aug 26. Here is Luxury Promise's employee count trend over the years:

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Top competitors of Luxury Promise include TILT, GRIP and Cudoni. Here is the list of Top 10 competitors of Luxury Promise, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TILT 2018, London (United Kingdom), Series B	App-based live streaming platform offering multi-category fashion products	$50M	Vinted, Earlybird & 22 others	67/100
2nd	Luxury Promise 2016, London (United Kingdom), Series B	Online consignment platform for pre-owned luxury fashion accessories	$20M	Richemont, Beringea & 20 others	53/100
3rd	GRIP 2014, London (United Kingdom), Funding Raised	Online video shopping platform for multi-category products	-	Korea Investment Holdings, TBT	46/100
4th	Cudoni 2015, London (United Kingdom), Series B	Online platform offering pre-owned products	$17.7M	eBay, DMG Ventures & 60 others	41/100
5th	Subdial 2018, London (United Kingdom), Series A	Online platform for buying and selling wide range of second hand watches	$7.5M	Active Partners & 3 others	40/100
6th	Open for Vintage 2014, London (United Kingdom), Seed	Online marketplace offering vintage pre-owned fashion products	$3.37M	eDot Invest, 479.Life & 1 others	40/100
7th	OOOOO 2019, Oxford (United Kingdom), Seed	Platform offering live-video commerce solution	$797K	-	36/100
8th	Loop Generation 2012, London (United Kingdom), Seed	Online marketplace offering second hand multi-category fashion products	$262K	-	30/100
9th	SARITORIA 2020, Tunbridge Wells (United Kingdom), Series A	Online commission based platform for used luxury fashion products	$500K	-	29/100
10th	Hardly Ever Worn It 2009, London (United Kingdom), Funding Raised	Online marketplace for pre-owned luxury fashion products	-	The Garage Soho, Spark Ventures	25/100