Luxury fashion etailer Farfetch has raised £76m ($110m) in a new financing round, which aims to facilitate international expansion.
The Series F funding round for the London-headquartered etailer was led by current investor Vitruvian Partners and new investors Temasek, a Singaporean fund, and Eurazeo and IDG Capital Partners.
The money will be used to fund international expansion, particularly in China and the rest of Asia Pacific. According to the Business of Fashion, China accounts for 12% of Farfetch’s sales while the rest of the Asia Pacific region is responsible for around 14% of revenue.
The etailer, founded in 2008, currently sells from boutiques across the globe and has offices in London, New York, Los Angeles, São Paulo and Porto.
Farfetch was proclaimed a tech unicorn last March when it raised new investment and was valued at £1bn. It has raised $305m (£210.7m) so far, including a $66bn round in 2014 with which it targeted China, Japan and Russia.
No comments yet