Vestiaire Collective is a social-commerce platform founded in 2009 that curates and connects buyers and sellers of luxury pre-owned fashion, with an inventory of about 3 million items and offices in Paris, New York, Hong Kong, Singapore and a tech hub in Berlin. The company is a Certified B Corporation focused on promoting circular fashion and sustainability and launched a "Brand Approved" buy-back service in collaboration with Kering’s house Alexander McQueen. Over the past 12 months Vestiaire grew orders by more than 90% globally, 100% in the US (now its largest market), and 150% in Asia. It recently raised €178M in a fresh funding round that values the company at $1.7B (approx €1.44B). Proceeds will be used to accelerate strategic objectives including educating consumers and brands, improving proprietary technology and services, entering new markets and expanding existing ones, and promoting local transactions to lower carbon footprints. The company aims to become carbon neutral by 2026 and has initiatives such as a local-to-local shipping scheme, increasing direct shipping (now over 50% of orders) which has saved over 1,150 tonnes of CO2, and 100% reduced/recycled/recyclable "less is more" packaging. Vestiaire Collective operates an online marketplace for pre-owned luxury and fashion items. The company authenticates some items before they reach buyers and offers reimbursement for direct-shipping purchases that are wrong. Transaction volume doubled in 2020 versus 2019, and the platform receives about 140,000 new listings every week. It has been expanding rapidly in the U.S. and Asia, with local sellers in those regions selling more than 250% more items year‑over‑year as of January 2021. With the new funding, Vestiaire plans to develop brand partnerships for buy-back circular solutions, encourage selling alongside purchases, pursue B Corp certification and target carbon neutrality by 2026. The company also intends to hire 155 people in its technology team to support growth. Vestiaire Collective is a marketplace for pre-owned fashion where users buy and sell clothes and accessories. The platform has 9 million members across 90 countries and reports that 80% of transactions are cross-border. The company raised $64.2M (€59M) in its latest round and has raised more than €209M in total, per Crunchbase. Vestiaire has shifted from requiring sellers to send items to warehouses to enabling direct shipping from seller to buyer; direct shipping launched in Europe in September 2019 and now accounts for over 50% of orders there. The company will use the new capital to expand to more countries, with plans to enter South Korea and Japan this year. Vestiaire plans to introduce direct shipping in the U.S. in the summer and in Asia by the end of 2020. Vestiaire Collective operates a curated marketplace for luxury and premium pre-owned fashion with a catalogue of around 1,000,000 items that are checked for quality and authenticity once sold. The platform has over 8 million members across 50 countries and maintains offices in Paris, London, New York, Milan, Berlin and Hong Kong. Launched in Paris in October 2009, the company emphasizes sustainable fashion and peer-to-peer resale. Vestiaire positions technology and curation at the core of its product offering to ensure authenticity and quality control. The company reported strong Asian momentum, citing 140% GMV growth in Q2 2019. It plans to expand internationally and to accelerate hiring as part of its growth strategy. Vestiaire Collective is a French online marketplace for pre-owned fashion and accessories that emphasizes a premium, curated shopping experience by checking every item before listing. The company aims to turn local success into a global business, already leading in the U.K., Germany, Spain and Italy. France remains its largest market, accounting for 35% of sales. Vestiaire has an office in the U.S. and plans to grow sales there, with further expansion to Asia planned for 2017. The company is investing in logistics, including an upcoming facility in France to expand its inventory across Europe. To date it has raised significant capital to support this expansion and scale its operations.

Total raised

$646M

Funding rounds

8

Latest round

Equity

Latest activity

Mar 2024