Farfetch raises $66 million Series D round
Online fashion shops marketplace Farfetch has received $66 million Series D investment round led by PE firm Vitruvian and other new and existing company financiers including Conde Nast International, Advent Ventures and VC firm Ceyuan’s Richard Chen.
In 2012, Farfetch has taken in a funding round led by Index Ventures.
The funding round received by Fartech would be used for corporate purposes including international foothold in the United States, Asia and Brazil. It would also be used to fuel its omni-channel strategy, said the company in a statement.
Farfetch was launched in 2008 as an ecommerce website to serve as a platform for independent fashion retailers in North America and Europe. The website also caters to online boutiques with networks from designer brands including Chloe, Gucci and Fender. There are more than 300 boutiques currently listed on Farfetch.com from Bucharest, Milan, Paris, Helsinki, Honolulu and New York.
Earlier this week, Fortune reported that Farfetch was near closing its funding round.