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Vestiaire Collective raises €58m funding for international growth

Lauretta Roberts
25 January 2017

Leading pre-owned luxury and premium fashion platform Vestiaire Collective has secured €58m in funding to fuel further international growth.

This latest round of funding was led by new investor Vitruvian Partners and was also backed by existing investors Eurazeo and Idinvest Partners.

Vestiaire was founded in France in 2009 and says two-thirds of its transactions are "cross borders" with a significant following in mainland Europe, the Nordics and the US, a market it entered in 2015. The funding will allow it to grow further in the US and expand into the APAC region, as well as to invest in distribution and technology.

Vestiaire claims it is the only consumer-to-consumer platform that has a team of experts to physically check the quality and authenticity of the products it sells and has an ambition to be the "clear global leader as a trading platform for both buyers and sellers by 2018".

The investment will also enable the business to create 120 new jobs around the world. Founder and CEO Sébastien Fabre said the backing showed investors were confident in the business' strategy and growth potential.

"They are providing us with the means for organic and possibly non-organic growth, to consolidate our leadership in Europe, pursue in a similarly rapid growth in the US, as well as enter new high potential markets such as Asia Pacific," Fabre said.

"The platform allows sellers to realise value from their wardrobes and allows buyers to browse 600,000 items to find coveted pieces at great prices, and these benefits have built a highly engaged and enthusiastic user base. We are excited to partner with such a high calibre management team and look forward to helping our first investment in France continue its international expansion and become the global champion," said Thomas Studd, a partner at Vitruvian Partners.

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