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Vestiaire Collective raises £24m in latest funding round

Luxury marketplace website Vestiaire Collective has secured €33m (£24.2m) funding led by French investment firm Eurazeo to accelerate its European and US expansion.  

Other investors included Condé Nast, Balderton Capital and Ventech. In total, Vestiaire Collective has raised £60m over the last five years.  

The business, which launched in 2009, will use the capital to expand its operation in Europe and to continue to grow its US business following its launch there in November 2014.

Sébastien Fabre, founder and chief executive, said: “This round of funding is an integral part of the next phase of expansion for Vestiaire Collective. The support of existing investors and the arrival of Eurazeo have reinforced our desire to speed up the implementation of our international development plan.”

Virginie Morgon, general director of Eurazeo, said: “Vestiaire Collective is at the nexus of new developments in shopping, the digital space, community platforms, luxury and branding, and the company stands for exactly the type of investment that we seek.”

Vestiaire Collective has 4 million members across 40 countries and offices in Paris, London, New York and Berlin. It will open offices in Italy and Scandinavia later this year.

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