According to multiple reports, Vestiairedecopines.com, a Neuilly sur Seine, France-based Social shopping site, has completed a €7.5m funding round.
Backers include Balderton and existing investor Ventech.
The company which already raised €1.5m in 2010 (read here), intends to use the funds to expand in the UK and Germany, where 17% of its community members are located.
In the longer term, Vestiairedecopines.com plans to expand in North America.
In conjunction with the funding. Bernard Liautaud, a partner at Balderton Capital, will join the company’s board.
Founded in October 2009 by CEO Sébastien Fabre, Vestiairedecopines.com offers menwear, womenwear, childrenswear and accessories to its nearly 600,000 members.
FinSMEs
05/10/2011