Farfetch receives $86m investment, to focus on international expansion

By

Cajsa Lykke Carlson

Published
Mar 4, 2015

Luxury marketplace Farfetch has received a $86m Series E round of investment, led by DST Global, with existing investors Condé Nast International and Vitruvian Partners also taking part.

Farfetch, which is now valued at $1bn, will use the investment to focus on international expansion. The company will launch new local language sites, including sites in German, Spanish and Korean, and open new offices in key global markets. Farfetch will also open up new markets Japan and Australia to the supply side of the marketplace, the e-tailer said.

José Neves, Founder and Chief Executive Officer of Farfetch, remarked: “The challenge now is to keep innovating and focus on establishing a long-lasting global brand.”

Yuri Milner, founder of DST Global, said: "Farfetch has a strong team, impressive growth and great potential to capitalize on the fast growing luxury fashion e-commerce market."

With this latest investment, Farfetch has raised over $195m. In addition to international expansion, the money will also be used to fuel Farfetch's omni-channel growth.

$1 = £0.66