Vestiaire Collective, the global community for luxury and premium pre-owned fashion, announced €40 million of financing led by Bpifrance and CEO, Max Bittner. Existing investors including Balderton Capital also participated.
The new round will facilitate the launch of new innovative tech and data-driven solutions to empower Vestiaire Collective's global community, supporting brands and retailers in driving the adoption of sustainable and circular fashion consumption.
The investment will also help to sustain Asian growth momentum, and finance the launch of numerous new markets including Taiwan, Thailand, Indonesia, India, Malaysia, UAE, Saudi Arabia, Israel, Brazil and Mexico.
I am personally very excited to scale the business and continue to revolutionize the fashion industry together with the co-founders Fanny Moizant and Sophie Hersan and the rest of the team. We want to build an international tech and data first company, leveraging Vestiaire Collective's incredible brand and fashion DNA. We would like to thank Bpifrance and our existing shareholders for their amazing support.
