Funding round
Vestiaire Collective Growth
Reported as "Growth Equity"
Vestiaire Collective, which works in pre-loved luxury fashion retail in Paris, raised $216M in a Growth round announced on 1 Mar 2021, led by Kering and Tiger Global. 10 firms took part, 9 of them already investors. It is Vestiaire Collective's fifth venture round on record; the one before was a Growth in Apr 2020.
$216M
Amount raised
Not disclosed
Post-money valuation
10
Investors
2 leads
Valuation
What this round says about the price
Vestiaire Collective did not disclose a valuation in this round. It came 11 months after Vestiaire Collective's Growth. It is 37% of the $585M Vestiaire Collective has raised in the venture rounds on record. Vestiaire Collective raised again 6 months later: a Growth round of $178M in Sep 2021, at $1.70B post-money.
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 24 Jan 2017, led by Vitruvian Partners $62M
- Series F 1 Jun 2019 $45M
- Growth 21 Apr 2020 $64M
- Growth this round 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
Kering and Tiger Global led the round with 8 other firms. Kering, Bpifrance, Condé Nast and Eurazeo and 5 more had backed Vestiaire Collective before.
Lead investors
- Kering existing investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Bpifrance existing investor
- Condé Nast existing investor
- Eurazeo backs 103 venture-backed companies existing investor
- Idinvest Venture existing investor
- Fidelity International existing investor
- backs 25 venture-backed companies existing investor
- existing investor
- backs 27 venture-backed companies 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
7 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $73M, and this round was 3.0 times the median. The closest in time, other companies' Growth rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 12 May 2021 | $85M | $700M | not named |
| Clothing Stores | 14 Jul 2021 | $30M | $250M | Khosla Ventures and Atomic |
| Trendyol Clothing Stores | 9 Aug 2021 | $1.50B | $16.50B | ADQ (UAE) |
| Clothing Stores | 26 Nov 2021 | $11M | not disclosed | not named |
| Clothing Stores | 4 May 2020 | $7.1M | not disclosed | Generis Capital Partners |
| Clothing Stores | 21 Feb 2022 | undisclosed | not disclosed | not named |
| MUSINSA Clothing Stores | 16 Mar 2022 | $115M | $2.20B | not named |
| Clothing Stores | 22 Mar 2022 | $73M | not disclosed | Highland Europe |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Vestiaire Collective raise in its Growth round?
Vestiaire Collective raised $216M in its Growth round, announced in Mar 2021.
Who led Vestiaire Collective's Growth round?
Kering and Tiger Global led it, with Bpifrance, Condé Nast, Eurazeo, Idinvest Venture and Fidelity International and 3 more.
What was Vestiaire Collective's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Clothing Stores?
7 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $73M, and this round was 3.0 times the median.
Did Vestiaire Collective raise again after this round?
Yes: a Growth round in Sep 2021 of $178M at $1.70B post-money.