Funding round
Vestiaire Collective Growth
Reported as "Growth Equity"
Vestiaire Collective, which works in pre-loved luxury fashion retail in Paris, raised $62M in a Growth round announced on 24 Jan 2017, led by Vitruvian Partners. 3 firms took part, 2 of them already investors. It is Vestiaire Collective's second venture round on record; the one before was a Series C in Sep 2013.
$62M
Amount raised
58,000,000 EUR converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Vestiaire Collective did not disclose a valuation in this round. It came 40 months after Vestiaire Collective's Series C. It is 11% of the $585M Vestiaire Collective has raised in the venture rounds on record. Vestiaire Collective raised again 29 months later: a Series F round of $45M in Jun 2019. Its next priced round, a Growth in Sep 2021, valued it at $1.70B.
Vestiaire Collective's funding rounds
Vestiaire Collective has 6 venture rounds on record. This one is highlighted.
- Series C 2 Sep 2013, led by Condé Nast and Condé Nast International $20M
- Growth this round 24 Jan 2017, led by Vitruvian Partners $62M
- Series F 1 Jun 2019 $45M
- Growth 21 Apr 2020 $64M
- Growth 1 Mar 2021, led by Kering and Tiger Global $216M
- Growth 22 Sep 2021, led by SoftBank Vision Fund and Generation Investment Management $178M$1.70B post-money
Investors
Who put money in
Vitruvian Partners led the round with 2 other firms. Eurazeo and Idinvest Partners had backed Vestiaire Collective before.
Lead investor
- backs 27 venture-backed companies new investor
Also in the round
- Eurazeo backs 103 venture-backed companies existing investor
- Idinvest Partners existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Clothing Stores, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 30 May 2017 | undisclosed | not disclosed | not named |
| Moda Operandi Clothing Stores | 6 Dec 2017 | $165M | not disclosed | Apax Partners and Adrian Cheng |
| Koubei Payment Processing & Point of Sale | 25 Jan 2017 | $1.10B | $8.00B | Silver Lake and CDH Investments |
| Senior Care and Assisted Living Facilities | 1 Jan 2017 | $350M | not disclosed | not named |
| Digital & Marketing Agencies | 31 Jan 2017 | $156M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 31 Jan 2017 | $100M | not disclosed | not named |
| Industrial Machinery & Supplies | 30 Jan 2017 | $50M | not disclosed | not named |
| Tech Companies | 18 Jan 2017 | $50M | not disclosed | Polaris Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Vestiaire Collective raise in its Growth round?
Vestiaire Collective raised $62M in its Growth round, announced in Jan 2017.
Who led Vestiaire Collective's Growth round?
Vitruvian Partners led it, with Eurazeo and Idinvest Partners.
What was Vestiaire Collective's valuation at the Growth round?
It was not disclosed.
Did Vestiaire Collective raise again after this round?
Yes: a Series F round in Jun 2019 of $45M.