Farfetch, An Online Marketplace For Designer Fashion Boutiques, Raises $66M

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Farfetch, an online marketplace for independent fashion boutiques, has raised $66 million led by private equity firm Vitruvian Partners, with existing investors Condé Nast International and Advent Ventures also participating in the round. New investor Richard Chen, venture partner at Chinese VC firm Ceyuan, was part of the round. The company had previously raised funding in 2012, led by Index Ventures.

The London-based company says the investment will be used to fuel the company’s international growth in the U.S., Brazil and Asia, as well as its omni-channel strategy.

Launched in 2008, Farfetch.com is an e-commerce site that brings independent fashion boutiques from Europe and North America under one roof. The site curates a network of online boutiques from designer brands like Fendi, Gucci, and Chloé as well as from emerging designers. Currently, more than 300 boutiques, from Paris, New York and Milan to Bucharest, Helsinki and Honolulu list on the site, which offers clothing for both men and women.

The company says it is seeing annual sales of $275 million and year-on-year growth of 100 percent.

“This round of investment will help fuel a number of our key strategic goals including facilitating our omni-channel proposition, escalating the development of local language sites for key new markets (Russia, Japan, China) and accelerating engineering developments to help facilitate a dynamic responsive experience,” Farfetch founder and CEO José Neves Farfetch says.

Fortune reported earlier this week that the company was close to closing a new round.