Vestiaire Collective, a Paris, France-based luxury and premium pre-owned fashion consumer-to-consumer marketplace, completed a €58m round of financing.
The round was led by new investor Vitruvian Partners with participation from existing shareholders Eurazeo and Idinvest Partners.
The company, which has since raised more than €116m (from Zadig & Voltaire, Ventech, Balderton Capital, Condé Nast International, Idinvest Partners, Eurazeo and Vitruvian Partners) to date, intends to use the funds to develop its presence in the United States and into the APAC region, to strengthen distribution platform, to accelerate improvements to users’ multi device experience, and and to create 120 jobs globally.
Created in October 2009 by Sébastien Fabre, CEO, Vestiaire Collective is a global marketplace for premium and luxury pre-owned fashion with a curated catalogue of 600,000 items, that – once sold – are checked for quality and authenticity.
Launched in Paris in October 2009, Vestiairecollective.com has over 6 million members across 48 countries worldwide with offices in Paris, London, New York, Milan and Berlin.