Bag Borrow or Steal closed $15M in a third round of financing today. BBOS is the largest online "borrowed luxury" retailer allowing women to borrow designer handbags and jewelry, today announced a third round of institutional funding, totaling $15M. The round was led by Steelpoint Capital Partners and Madrona Venture Group and included investments from Kuwait Holding Company, Hilltop Investments and TimesArrow.

"We've achieved tremendous success over the past year and the additional financial support will fund our continued growth and drive expansion into new product categories," said Michael Smith, chief executive officer. The company has a membership base of over a quarter of million subscribers and the company stocks over 3,000 styles of luxury handbags.