Farfetch.com, the UK-based marketplace for independent fashion boutiques, has received $18 million (£11.75m) in new venture capital investment from Index Ventures, eVenture Capital Partners and existing investors Advent Venture Partners.
The company brings online boutiques from Europe and North America under one roof, with designer brands including Fendi, Gucci, and Chloé, as well as emerging designers. The site offers clothing for both men and women, and claims to have more than 56,000 customers in 100 countries.
Farfetch said the funding will be used to grow its presence in North America with the opening of a New York office. The company also plans to expand into new markets in Brazil and Asia.
“We strongly believe that the model of Farfetch is one that will continue to grow and expand globally, and attract a very engaged and loyal base of fashion connoisseurs across markets,” said Robin Klein, Venture Partner at Index Ventures, in a statement.
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