Farfetch Raises $66m in Series D Funding

Global E-Commerce Site Farfetch Raises $66m Led by Vitruvian Partners, Including Investment From Condé Nast International and Advent VenturesFarfetch, a London, UK-based e-commerce site for independent boutiques, raised $66m in Series D funding.

The round was led by Vitruvian Partners, with participation from existing investors Condé Nast International and Advent Ventures and new investor Richard Chen, Venture Partner at Chinese VC firm Ceyuan.

The company intends to use the funds to continue to grow its global presence, invest in technology and further develop its omni-channel offering.

Founded in 2008 by Portuguese entrepreneur José Neves, Farfetch offers independent bricks-and-mortar boutiques the opportunity to compete with major retailers presenting premium luxury brands and carefully curated products.
The company, which has a network of 300 global boutiques with over 1,000 outlets offering 105,000 highly curated products, reported annual sales of $275m and year-on-year growth of 100%.



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