Vestiaire Collective, a French online retailer for second luxury items, has announced that they have raised 33 million Euro in a Series D round, bringing the total amount brought in by the company to 60 million Euro over the past five years. The company reports that the round, which was led by French investor Eurazeo and includes participation from current investors Balderton Capital, Idinvest Partners, Conde Nast, and Ventech, will be used accelerate growth plans for the European and United States markets. This latest round becomes the company’s first since they raised $20 million from Balderton, Conde Nast, Idinvest, and Ventech almost exactly two years ago.
Vestiaire Collective currently sells all sorts of hand-checked clothing and accessories, from pants to sunglasses to jewelry, for men, women, and children, with the company stating that more than 20,000 items are added monthly to its catalog of more than 400,000.
The startup registered 85% annual growth over the first half of this year, fueled in part by expansion to the American market in November 2014. Vestiaire Collective launched in Paris back in 2009 and has already gone global with additional offices in Berlin, London, and New York City and plans to expand into Italy and Scandinavia later this year. The company currently claims 4 million members, adding more than 100,000 monthly.