As a new investor Idinvest Partners participated in this series C funding round, alongside existing investors Balderton and Ventech.
“Vestiaire Collective will appeal to our style conscious print and digital audiences around the world. As our media brands curate the latest fashion and accessories for the consumer, Vestiaire acts as a trusted intermediary between buyers and sellers of pre-owned items,” commented Newhouse.
Sébastien Fabre, Co-Founder and CEO of Vestiaire Collective, remarked “It is clear that inspiration leads to conversion in our environment. The legitimacy and the credibility of Condé Nast will reinforce our capacity to build an endless source of supply, pushing the convergence of pure user generated content and media to create the most inspiring social shopping experience.”
Moritz von Laffert, Vice President of Condé Nast International, added “Condé Nast is recognised as the multimedia authority on fashion, and this investment continues our strategy to expand into e-commerce where there is opportunity driven by entrepreneurship and innovation. The first investment of its kind by Condé Nast International in France, this follows our recent investments in farfetch, Monoqi and Renesim, and investment activity of our parent company Advance Publications in the USA.”
James Bilefield will join the board of Vestiaire on behalf of Condé Nast International in his role as investments consultant.
Based in Paris, Vestiaire Collective is a leading global online marketplace for the resale of trend driven luxury goods. All items are chosen, verified and shipped by the Vestiaire Collective experts in France, allowing the consumer to buy and sell genuine trend-driven luxury brand handbags, accessories and clothing for women, men and children, Vestiaire says.
Vestiaire Collective was the recipient of the European E-Commerce Gold Award in June 2013, honouring excellence in the European e-commerce sector, recognising those companies contributing positively to the development of online retail, digital innovation and improvement of the customer journey.
