E-commerce fashion firm Farfetch lands $110m in funding
E-commerce marketplace Farfetch has closed a $110m Series F round of investment.
Led by Temasek, IDG Capital and Eurazeo; the round also drew support from new investor Vitruvian Partners.
The raise comes after the e-commerce firm closed a $86m Series E round in March last year.
Alexandre Quirici, partner at IDG Capital Partners commented: “We are excited to back José and his team in the company’s next stage of development internationally. We are particularly excited about the growth of Farfetch in China where we hope to help them achieve even greater success.”
According to a statement, the funds will be used to continue the expansion of the company’s proprietary technology platform; to further develop its offering globally and to consolidate the firm’s market position in China.
José Neves, founder and CEOof 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,” concluded Neves.