UK-based fashion e-commerce company Lyst has raised $40m in a series C round including Groupe Arnault, the holding company that operates luxury goods manufacturer LVMH, TechCrunch reported today.
Accel Partners, Balderton Capital, 14W, Draper Fisher Jurvetson (DFJ) and an unnamed US-based hedge fund also participated in the round.
Lyst runs an e-commerce site featuring products from some 11,500 designers and stores across the world including Burberry, Alexander McQueen and Topshop.
The site creates a personalised shopping experience for each user, based on their preferences and previous purchases, taking into account real-time stock levels. Its competitors include Farftech, which closed an $86m Condé Nast-backed series E round last month.
Lyst secured $14m in a January 2014 series B round led by Balderton that included DFJ, Accel and angel investors Paul Forster and John Lindfors. DFJ led a $5m series A round in 2012, investing alongside Accel, Venrex and angel investor Alex Zubillaga.
In November 2010, Accel, SPA, Venrex and a range of angel investors funded a £950,000 ($1.5m) seed round.