Farfetch is a British online luxury fashion company that has raised $86 million in Series E funding from DST Global and participation from existing investors Condé Nast International and Vitruvian Partners. This round of funding values Farfetch at $1 billion. Farfetch has raised more than $195 million total. Over 300 of the world’s top designer boutiques are represented on Farfetch.
“Farfetch has a strong team, impressive growth and great potential to capitalize on the fast growing luxury fashion e-commerce market,” said DST Global founder Yuri Milner in a statement.
With this round of funding, Farfetch will be launching local language websites including German, Korean, and Spanish. And it will be opening new offices in a number of key global markets such as Japan and Australia. Plus it will also fuel Farfetch’s omni-channel growth and customer propositions such as same-day delivery in a number of global markets.
“We have had an amazing journey so far, and it’s great to add DST to our already fantastic group of backers for the next stage of growth of Farfetch. The challenge now is to keep innovating and focus on establishing a long-lasting global brand,” added Farfetch CEO and founder José Neves.
