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e-commerce Startups

farfetch.com receives $18m in funding

E-commerce site farfetch.com has raised $18m in a second round of funding from Index Ventures, eVenture Capital Partners and existing investors Advent Venture Partners.

A curated marketplace comprised of independent fashion boutiques from around the world, the site has a current annual sales growth rate of 204%.

It now hosts 35,000 products from both established and emerging designer labels; representing over 200 boutiques in 12 countries.

The funding round will enable it to both deepen its presence in existing markets across Europe and North America, and further its efforts in the likes of Brazil and Asia.

Half of all sales on farfetch.com are delivered to emerging and new markets. According to CEO and founder José Neves, this new round of investment only stands to encourage this figure.

He said: “farfetch.com is growing extremely fast, and now has a strong international presence… We felt it was the right time to scale up our team and operations and seize some fantastic opportunities.”

By Rachel Arthur

Rachel Arthur is Editor-in-Chief of Current Daily, the leading news source for fashion, retail and innovation, and the co-host of its weekly Innovators podcast. She otherwise serves as Co-Founder and Chief Innovation Officer of Current Global, a transformation consultancy driving growth within fashion luxury and retail. By background she is an award-winning business journalist and consultant, contributing to titles including Wired, Forbes and Business of Fashion.

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