Balderton portfolio company Lyst announced today that they have raised a new round of financing led by LVMH (Moët Hennessy Louis Vuitton), the world leader in high quality products. Balderton led Lyst's equity funding in 2014, and again in 2015.
Lyst allows customers to search and discover fashion online, offering the world's most comprehensive inventory of luxury and contemporary products. The platform brings together 12,000 brands and retailers including Fendi, Gucci, Net-a-Porter, Farfetch and SSENSE. Last year shoppers from over 120 countries used Lyst. In 2017, Lyst provided enhanced search services to more than 70 million fashion shoppers. The company is now profitable and has seen revenues grow over 400% in the past three years since it last raised funds.