Farfetch, the curated marketplace for luxury fashion, today announced the closing of its’ largest funding round, $110 million on top of the March ’15 $86 million. This round led by Singapore State backed fund Temasek and followed by Chinese fund IDG Capital Partners and French fund Eurazeo, among other investors, puts the company’s valuation at $1.4 billlion (2015 sales were in the range of $600 million).
According to today’s Financial Times edition, it is one of the largest investments in the past 12 months for a UK technology startup. The business founded by portuguese José Neves is headquartered in London and keeps the majority of the talent in Porto region. José says the funding aims to support Asia Pacific region growth, where sales are 26% of the company total (12% out of China). He also mentions a possible IPO in the near future.
Launched in October 2008, Farfetch has been growing into a truly global company. Its fashion marketplace now includes more than 300 independent boutiques across Europe and North America.