Funding round
Vestiaire Collective Growth
Reported as "Growth Equity"
Vestiaire Collective, which works in pre-loved luxury fashion retail in Paris, raised $178M in a Growth round announced on 22 Sep 2021, led by SoftBank Vision Fund and Generation Investment Management, at a $1.70B post-money valuation. 6 firms took part, 4 of them already investors. It is Vestiaire Collective's sixth venture round on record; the one before was a Growth in Mar 2021.
$178M
Amount raised
$1.70B
Post-money valuation
$1.52B pre-money
6
Investors
2 leads
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vestiaire Collective at $1.70B after the new money. The $178M bought investors about 10% of the company. It came 6 months after Vestiaire Collective's Growth. It is 30% of the $585M Vestiaire Collective has raised in the venture rounds on record. No later venture round is on record for Vestiaire Collective.
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 1 Mar 2021, led by Kering and Tiger Global $216M
- Growth this round 22 Sep 2021, led by SoftBank Vision Fund and Generation Investment Management $178M$1.70B post-money
Investors
Who put money in
SoftBank Vision Fund and Generation Investment Management led the round with 4 other firms. Eurazeo, Condé Nast, BPI France and Korelya Capital had backed Vestiaire Collective before.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Generation Investment Management new investor
Also in the round
- Eurazeo backs 103 venture-backed companies existing investor
- Condé Nast existing investor
- BPI France existing investor
- backs 25 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $108M, and this round was 1.6 times the median. The closest in time, other companies' Growth rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trendyol Clothing Stores | 9 Aug 2021 | $1.50B | $16.50B | ADQ (UAE) |
| Clothing Stores | 14 Jul 2021 | $30M | $250M | Khosla Ventures and Atomic |
| Clothing Stores | 26 Nov 2021 | $11M | not disclosed | not named |
| Clothing Stores | 12 May 2021 | $85M | $700M | not named |
| 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 |
| SHEIN Clothing Stores | 3 Apr 2022 | $1.00B | $100.00B | not named |
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 $178M in its Growth round, announced in Sep 2021.
Who led Vestiaire Collective's Growth round?
SoftBank Vision Fund and Generation Investment Management led it, with Eurazeo, Condé Nast, BPI France and Korelya Capital.
What was Vestiaire Collective's valuation at the Growth round?
$1.70B post-money ($1.52B pre-money).
How does it compare with other Growth rounds in Clothing Stores?
9 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $108M, and this round was 1.6 times the median.