farfetch, a London, UK-based e-commerce marketplace for independent fashion boutiques, raised $20m in funding.
The round was led by Condé Nast International, with participation existing investors Advent Venture Partners, Index Ventures and e.ventures.
The company intends to use the capital to expand into new and existing markets.
Launched in 2008 by José Neves, CEO, farfetch offers luxury brands from 250 independent fashion boutiques for men and women. The marketplace features 82,000 products from over 2,000 of the world’s best brands.
The company, which operates satellite offices in Portugal, L.A and Brazil, currently has 150,000 customers in over 140 countries.
As part of the investment, James Bilefield, President of Condé Nast International Digital, will join farfetch’s board.
FinSMEs
04/03/2013