Farfetch completes $110 million Series F round
Farfetch announced on Thursday that it has completed a $110 million Series F investment round led by new investors Temasek, IDG Capital Partners and Eurazeo, with existing investor Virtuvian Partners.
The funds will be used to continue the expansion of Farfetch’s technology platform, to establish the company as a leading omni-channel platform for both boutiques and brands globally, to further develop its offering for the global fashion industry, and consolidate leadership positions in China, Japan and other APAC countries. China, which is Farfetch’s second largest market, represents 12% of the company’s sales with APAC collectively representing 14%.
In addition to the Series F, Farfetch put in place a secured $50 million Growth Capital Loan Facility with TriplePoint Venture Growth BDC Corp in March 2016.
José Neves, Founder and Chief Executive Officer of Farfetch remarked, "This additional facility demonstrates the strength of the Farfetch business model, as well as confidence in future development plans."
Founded in 2008, Farfetch brings together products from over 400 independent designer boutiques and global brands from more than 37 countries including Paris, New York, Milan, Toyko, Bucharest and Kuwait. In 2015, the company expanded its roster of retail partners to include direct contracts with brands, acquired London-based boutique Browns in May 2015 and developed Farfetch Black & White, the white label platform solution, that launched its first client site ManoloBlahnik.com in March 2016.
Copyright © 2023 FashionNetwork.com All rights reserved.