UK-based online fashion marketplace Farfetch has closed a series D funding round at $66m from backers including magazine publisher Conde Nast.
The round was led by private equity firm Vitruvian Partners, and also featured Advent Venture Partners and Richard Chen, a partner at China-based venture capital firm Ceyaun.
Farfetch is a high-end online fashion retailer that carries more than 1,000 international brands, with 280 independent boutiques featured on its platform. It plans to use the funding to expand, investing on technology and developing its omni-channel product offering along the way.
José Neves, chief executive of Farfetch, said: “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.”
Founded in 2007, Farfetch has now raised $108.5m, including a $20m series C round in 2013 that was led by publisher Conde Nast. Previous investors also include venture capital firms Index Ventures and E.ventures.
– Additional reporting by Gemma Jamieson