Funding round
Vestiaire Collective Series C
Vestiaire Collective, which works in pre-loved luxury fashion retail in Paris, raised $20M in a Series C round announced on 2 Sep 2013, led by Condé Nast and Condé Nast International. 5 firms took part, 4 of them already investors. It is Vestiaire Collective's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Vestiaire Collective did not disclose a valuation in this round. It is Vestiaire Collective's first venture round on record, 4 years after it was founded in 2009. It is 3.4% of the $585M Vestiaire Collective has raised in the venture rounds on record. Vestiaire Collective raised again 40 months later: a Growth round of $62M in Jan 2017. 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 this round 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 22 Sep 2021, led by SoftBank Vision Fund and Generation Investment Management $178M$1.70B post-money
Investors
Who put money in
Condé Nast and Condé Nast International led the round with 3 other firms. Condé Nast, Balderton Capital, Ventech and Condé Nast International had backed Vestiaire Collective before.
Lead investors
- Condé Nast existing investor
- Condé Nast International existing investor
Also in the round
- Idinvest Partners new investor
- Balderton Capital backs 140 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
Joined the board: James Bilefield (Condé Nast).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Sep 2013 | $50M | $800M | Rizvi Traverse Management |
| Tech Companies | 30 Sep 2013 | $20M | not disclosed | Thrive Capital |
| Groceries Delivery | 30 Sep 2013 | $7.5M | not disclosed | Phenomen VC |
| Insurance - Agents, Carriers & Brokers | 28 Oct 2013 | $105M | $589M | not named |
| Gift Shops | 16 Oct 2013 | $41M | not disclosed | Technology Crossover Ventures |
| Medical Supply Manufacturers | 9 Aug 2013 | $27M | not disclosed | not named |
| Druva Tech Companies | 15 Oct 2013 | $25M | not disclosed | Tenaya Capital |
| Translation Services | 9 Oct 2013 | $24M | not disclosed | Tenaya Capital |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Vestiaire Collective raise in its Series C round?
Vestiaire Collective raised $20M in its Series C round, announced in Sep 2013.
Who led Vestiaire Collective's Series C round?
Condé Nast and Condé Nast International led it, with Idinvest Partners, Balderton Capital and Ventech.
What was Vestiaire Collective's valuation at the Series C round?
It was not disclosed.
Did Vestiaire Collective raise again after this round?
Yes: a Growth round in Jan 2017 of $62M.