Vestiairedecopines.com Completes €7.5M Funding Round
According to multiple reports, Vestiairedecopines.com, a Neuilly sur Seine, France-based Social shopping site, has completed a €7.5m funding round.
Backers include Balderton and existing investor Ventech.
The company which already raised €1.5m in 2010 (read here), intends to use the funds to expand in the UK and Germany, where 17% of its community members are located.
In the longer term, Vestiairedecopines.com plans to expand in North America.
In conjunction with the funding. Bernard Liautaud, a partner at Balderton Capital, will join the company’s board.
Founded in October 2009 by CEO Sébastien Fabre, Vestiairedecopines.com offers menwear, womenwear, childrenswear and accessories to its nearly 600,000 members.