Vestiaire Collective continues accelerating and announces a new €178M fundraise

SEP 23, 2021

The round was led by SoftBank Vision Fund 2 and Generation Investment Management with participation from existing shareholders.

Vestiaire Collective is the leading global app for desirable pre-loved fashion. It is dedicated to transforming the fashion industry for a more sustainable future by promoting the circular fashion movement as an alternative to overproduction and overconsumption and the wasteful practices of the fashion industry.

Balderton first invested in Vestiaire Collective in 2011.

The company has continued to perform strongly, transforming consumers’ relationship to the luxury fashion industry at an accelerated pace. Over the past twelve months, the Company grew its number of orders by more than 90% globally, 100% in the US, now its largest market, and 150% in Asia.

The additional funding will provide considerable financial flexibility to Vestiaire Collective, a recently certified B Corp, allowing the company to further accelerate towards its long-term strategic objectives in a highly attractive segment within the circular economy.

Vestiaire Collective's sustainable packaging.

In particular, Vestiaire Collective will focus on:

  • Leveraging its leadership position as a force for good to educate consumers, brands and other industry participants to build together a more sustainable fashion industry
  • Continuously improving its proprietary technology and differentiated services to offer the best possible user experience to its members (buyers and sellers)
  • Increasing its penetration in existing markets, notably by promoting local to local transactions featuring the lowest carbon footprint
  • Further expanding its global reach by selectively entering new markets with attractive attributes

Maximilian Bittner, Vestiaire Collective’s CEO

We are honoured and delighted that Softbank Vision Fund 2 and Generation Investment Management have decided to partner with Vestiaire Collective. It is a recognition of our achievements, and also confirms the attractiveness of our positioning embracing luxury, technology, sustainability and community. Their respective experiences as preeminent global investors supporting high-growth business models will be highly valuable to us in our next phase of development.

Maximilian Bittner, Vestiaire Collective’s CEO

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