Founder and CEO Julie Wainwright says the retailer is on track to generate over $1 billion in sales by 2019.

Fast-growing luxury consignment e-retailer The RealReal has added a $40 million round of financing to its financial wardrobe, its second $40 million cash infusion in about a year.

The RealReal, No. 206 in the Internet Retailer 2016 Top 500 Guide, announced the closing of the Series E round today, almost a year to the day after it closed a $40 million Series D round. This brings total funding raised by The RealReal to $123 million since launching in June 2011.

CEO and founder Julie Wainwright wouldn’t disclose in the company’s 2015 sales but says she expects the company to do over $1 billion in sales by 2019.

“We’re tracking toward that,” she says. “It’s a big number, but we’re tracking toward it. The demand is sort of unlimited. It comes down to a combination of adding new consigners and making sure we get good repeat business.”

Top500Guide.com data shows the retailer has grown at a compound annual rate of 217.3% since launching five years ago to an Internet Retailer-estimated $141.9 million in 2015 from $1.4 million in 2011.

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One way The RealReal expects to reach that $1 billion milestone is by increasing its jewelry and watch consignment business. While the company is best known for letting consumers sell their fashion apparel and accessories online, it also features designer watches and jewelry. The jewelry part of the business also has an expanding offline component.

The RealReal has three “valuation rooms” that opened last year. They are in Chicago, Manhattan and Los Angeles, with a fourth location set to open in San Francisco in two weeks. Shoppers can take jewelry to these location to have items appraised by a staff gemologist, Wainwright says. The retailer has 18 gemologists on staff with plans to hire more as business grows. Wainwright says jewelry and watch sales will account for up to 30% of The RealReal’s sales this year.

“We’re still refining it because it does need its own marketing program,” she says. “We might speed up the opening of valuation offices, and staff would be needed to support (them).”

The latest round of funding was led by venture capital firm Greenspring Associates, which also has participated in rounds for ExactTarget and GrubHub, according to CrunchBase. While The Real Real’s $40 million round in 2015 was planned, Wainwright says the latest one came out of the blue.

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“We got an unsolicited term sheet from a really good backer, so we decided, ‘Let’s do it,’” she says.

The previous $40 million round helped get The RealReal to profitability, while the current round offers the e-retailer additional financial flexibility, Wainwright says.

“It gives us options in case good acquisitions come our way,” she says. “It allows us to look at strategic acquisitions.”

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