If you wanted proof that American VC firms will fund almost anything that moves, take a look at the investment in Bag Borrow or Steal.

Bag Borrow or Steal, the leading online service for fashion-savvy consumers who wish to borrow rather than buy, today announced that it has raised $8.25 million in a Series B round of funding. The financing was led by Madrona Venture Group, with existing investors Impact Venture Partners and Valence Capital Management also participating in the round.