Shopper's Delight

Farfetch Nabs Whopping $66M in Funding

Condé Nast International is an investor.
She looks really excited about it! (Screengrab via Farfetch)

She looks really excited about it! (Screengrab via Farfetch)

Upscale ecommerce mecca Farfetch is getting even more swanky thanks to a $66 million capital injection, led by the private equity firm Vitruvian Partners.

Farfetch’s existing investors Condé Nast International and Advent Ventures participated, according to a prepared release, along with new investor Richard Chen from Chinese VC firm Ceyuan.

Portuguese entrepreneur José Neves founded Farfetch in 2008. It allows brick-and-mortar boutiques to compete with online retailers.

The funds will be used to build out Farfetch’s global presence, further investment in technology, and “develop the organization’s omni-channel offering,” the release states. It’ll also help develop local language sites for new markets in Russia, Japan and China.

 

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