Fashtech unicorn start-up Farfetch secures $110m
Series F round follows an earlier $86m investment in the London-based high-end fashion marketplace...
Temesex, IDG Capital Partners, and Eurazeo led the round and existing investor Vitruvian Partners also participated. The company has also secured a $50m credit line.
Founded in 2008 by Jose Neves, London-based Farfetch connects high-end retailers with customers and is currently looking to expand its offering with a white label solution to make it easier for small fashion brands to sell online.
The company, which operates across 180 countries, claimed to have made $500m in transaction value last year and is now focused on using the investment to develop its marketplace.
‘Fashtech’ (fashion technology) companies are in high demand at the moment; fast-growing e-commerce retailer ASOS recently launched an accelerator dedicated to supporting fashtech start-ups.