Vestiaire Collective Raises $37 Million To Accelerate US Growth

NEW YORK, Sept. 3, 2015 /PRNewswire/ -- Vestiaire Collective, the international leader in luxury and premium fashion resale, today announced that it has raised $37 million dollars in Series D funding led by French investment firm Eurazeo. The round was followed by previous Vestiaire Collective investors including Condé Nast, Idinvest Partners, Balderton Capital and Ventech. The new funding round, which is one of the largest in France in 2015, demonstrates strong investor confidence in the unique model of the innovative French company, which has reimagined the online re-sale marketplace structure for the contemporary consumer. Total funding to date for Vestiaire Collective is $68 million dollars over 5 years.

With an annual growth of 85% in the first half of this year, Vestiaire Collective is looking to use its new capital to accelerate its rapidly expanding international roll-out with a focus on Europe and the United States. The funding will allow the company to expand its stronghold in Europe and continue to nurture an ambitious plan in the US following encouraging initial results from the official stateside launch in November 2014. Areas that the funding will support in the US include expanded brand marketing, growing the New York-based operations hub, growin the local team across all areas, expanding into an external distribution center for inventory management, continuing to grow the US VIP service and the local supply of product.

In addition to the international roll-out, the aims of this new capital increase are to support the innovative strategy of the French market leader and to continue to develop the reputation of the brand internationally, strengthening the growing international teams.

"This round of funding is an integral part of the next phase of expansion for Vestiaire Collective, which I am particularly proud of as founder. The support of existing investors and the arrival of Eurazeo have reinforced our desire to speed up the implementation of our international development plan," says Sébastien Fabre, founder and CEO of Vestiaire Collective.

"Vestiaire Collective is an outstanding entrepreneurial story. We are delighted to be involved and we will apply all our efforts, network and expertise to support the company in its international expansion," adds Yann-Hervé du Rusquec, General Manager of Eurazeo Croissance.

Virginie Morgon, General Director of Eurazeo, stated: "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"

About Vestiaire Collective (www.vestiairecollective.com):
Vestiaire Collective has 4 million members, with 100,000 new members joining every month across 40 countries worldwide. With offices currently in Paris, London, New York and Berlin, they are due to open offices in Italy and Scandinavia in 2015.

Each week, more than 20,000 new items are selected, adding to the ever-growing catalog of over 400,000 items, ensuring that Vestiaire Collective is the go-to site for an exciting, unique shopping experience. Always committed to offering 100% authentic luxury items, all products are physically checked by a team of experts and authenticators.

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SOURCE Vestiaire Collective

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