Farfetch, a London, UK-based online luxury fashion startup, raised $86m in funding.
The round values the company at $1bn.
Backers included Yuri Milner’s DST Global and existing shareholders Conde Nast International and Vitruvian Partners.
The company, which has raised a total of more than $195m, intends to use the funds to launch local language websites in German, Korean and Spanish.
Founded in 2008, Farfetch is a global community of over 300 fashion boutiques offering an inspirational shopping experience to fashion-forward consumers.
The independent boutiques within the community, located in Paris, New York, Milan, Bucharest, Riyadh, Seattle, etc. are united in one e-commerce website. When customers order through Farfetch, the items are delivered directly from the boutique to their places.
The company has offices in London, New York, Los Angeles, São Paulo and Porto.
FinSMEs
05/03/2015