Fashion e-commerce giant Farfetch scores $110 million at reported $1.5 billion valuation
The company’s Series F round was led by new investors Temasek (Singapore’s sovereign wealth fund), IDG Capital Partners (one of China’s first VC firms) and Eurazeo, with the participation of prior backer Vitruvian Partners. According to BoF, the financing deal values Farfetch at approximately $1.5 billion.
Needless to say considering the new investors, Farfetch is eyeing the APAC region for a lot of its projected future growth.
Farfetch has raised more than $300 million to date, from the aforementioned Vitruvian as well as Condé Nast, e.ventures, DST Global, Felix Capital and angel investors like Fabrice Grinda.
Founded in 2008 by Portuguese entrepreneur José Neves, the London-headquartered online shopping platform has grown to showcase over 1,000 (mostly luxury) brands.