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.
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.