FarFetch an online marketplace for fashion boutique has raised $18 million from a venture capital investment. A British firm revealed on Monday that it had secured a latest round funding from several venture capital firms such as Index Ventures and eVenture Capital Partners and along with an existing investor Advent Venture Partners. The cash injection for FarFetch will help them to expand and FarFetch’s brand and operational presence in its existing markets across Europe and North America. Further expansion would come in the emerging markets like Brazil and in Asia.
Farfetch.com has been in this business for nearly four years based in London now represents more than 200 boutiques from 12 countries with 35 000 products.“Farfetch.com is growing extremely fast and now has a strong international presence, aggregating an unrivalled product selection from boutiques in different countries. We felt it was the right time to scale up our team and operations and seize some fantastic opportunities” Said Jose Neves Chief Executive of FarFetch.
