Vestiaire Collective, a Paris, France-based online marketplace for secondhand luxury fashion goods, raised $20m in Series C funding.
The round was led by Backers included Condé Nast International with participation from new investor Idinvest and existing investors Balderton Capital and Ventech. In conjunction with the funding, James Bilefield will join the board of Vestiaire on behalf of Condé Nast International.
Created in 2009 by Sébastien Fabre, CEO, Vestiaire Collective is a resale community dedicated to luxury brand handbags, accessories and clothing for women, men and children. All items are chosen, verified and shipped by the company’s experts in France.
It now has a community of 1.5m members and over 2.5m social interactions and mentions each month.