Farfetch scoops $86m for its luxury fashion offering

E-commerce site valued at $1bn following Series E funding round led by DST Global, Conde Nast and Vitruvian Partners

London-based luxury fashion website Farfetch has been valued at $1bn after securing an impressive $86m in a deal led by software firm DST Global and existing shareholders Conde Nast International and Vitruvian Partners.

The Series E round takes the online fashion company’s total investment to date to approximately $195m and will likely see it cement its position as a global brand.

Launched in 2008, Farfetch operates across 180 countries and enables shoppers to make purchases from “more than 300” independent luxury boutiques in different regions around the world from Paris and New York to Milan and Bucharest.

Its latest funding will target international growth with new language sites in German, Korean and Spanish and new offices in a variety of overseas locations.

Previous rounds in the company have involved backing from Index Ventures, e.ventures and Advent Venture Partners.

Comments

(will not be published)