Farfetch, the ecommerce platform for brands and independent fashion retailers, has raised a further $110m (£75.6m) in funding to continue its expansion and fuel its growth in Asia.
It has closed a Series F funding round led by new investors Temasek, IDG Capital and Eurazeo. Existing investor Vitruvian Partners also took part. The terms of the investment were not disclosed.
The funding will be used to continue the expansion of its technology platform and help it to grow in China – its second largest market, representing 12% of sales – Japan and other countries in the Asia-Pacific.
Farfetch said the new investors would provide insights, networking and supports in these markets. Paris-based Eurazeo will also bring to the table its knowledge of luxury fashion.
José Neves, founder and chief executive of Farfetch, said: “The vision for Farfetch was always to seamlessly integrate physical retail with digital platforms, which we have been doing since 2008, first starting with boutiques and 12 months ago adding brands to our global platform.
“This investment comes after strong inbound interest from investors, some of which we felt could really help Farfetch in our largest and fastest-growing markets, or had exposure to marketplaces and luxury fashion.”
In March, Farfetch secured a $50m (£34.4m) growth capital loan facility with TriplePoint Venture Growth BDC Corp.