Condé Nast and Kering joined new and returning investors to back a round valuing the fashion item resale platform in excess of $1bn.
France-based fashion resale marketplace operator Vestiaire Collective raised €178m ($215m) from investors including media group Advance Publications’ Condé Nast subsidiary and luxury goods producer Kering yesterday.
Korelya Capital, a venture capital firm sponsored by internet group Naver, also took part in the round, which took the company’s valuation past the $1bn mark, as did unnamed funds managed by financial services and investment group Fidelity International.
French government-owned investment bank BPIfrance’s Large Venture unit also participated, alongside Eurazeo Group’s Growth and…
