Vestiaire Collective raises 33 million euros

Luxury and premium fashion resale marketplace Vestiaire Collective has raised 33 million euros in its latest funding round led by French investment firm Eurazeo to accelerate its European and US expansion.

The new funding round, which is one of the latest in France in 2015, also includes previous Vestiaire Collective investors including Condé Nast, Idinvest Partners, Balderton Capital and Ventech. This latest round brings up the total funding over the last five years to 60 million euros.

With an annual growth of 85 percent in the first half of this year, Vestiaire Collective is looking to use its new capital to accelerate its international roll-out, with a focus on Europe and the US. In a statement, the fashion website said that the funding would allow it to expand its “strong hold” in Europe and “continue to nurture an ambitious plan” in the US.

In addition to the international expansion, the aim of this new capital increase is to support the innovative strategy and to develop the reputation of the brand internationally and strengthen the growing international teams.

Vestiaire Collective secures 33 million euro in latest funding round

Vestiaire Collective CEO and founder, Sébastien Fabre 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, added: “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 for Eurazeo Croissance.”

Vestiaire Collective launched in October 2009 and has become Europe’s leading trusted online site for the resale of designer and premium fashion. It currently has 4 million members across 40 countries, with 100,000 new members joining every month. They have offices in Paris, London, New York and Berlin, and will open offices in Italy and Scandinavia later this year.

Image: Vestiaire Collective website