SoftBank has joined Condé Nast in a round valuing the second-hand fashion marketplace at $1.7bn and pushing its total funding past $620m.
France-based second-hand fashion marketplace Vestiaire Collective has secured €178m ($209m) from investors including internet and telecommunications group SoftBank’s Vision Fund 2 and media group Advance Publications’ Condé Nast subsidiary, Bloomberg reported yesterday.
The round valued Vestiaire Collective at $1.7bn and included investment firm Generation Investment Management and private equity firm Eurazeo.
Vestiaire Collective operates an online platform that facilitates the buying and selling pre-owned fashion goods including clothes, bags and jewellery. It boasts an inventory of more than 2 million…
