Vestiaire Collective received USD20 million Series C funding from Condé Nast, previous investor Balderton and Ventech as well as Indivest. Vestiaire Collective is based in Paris and operates as a luxury marketplace online. The company allows its customers to buy and sell second-hand luxury items. A team of fashion experts certify the products in the luxury marketplace to be in good condition otherwise it would get rejected.
Vestiaire Collective US Director Adrien Wiesebron said, "The new funding will help us expand our activities on the European market, starting with Germany. We will grow the New York team as well."
The company was publicly launched last 2012 in the UK after it opened an office in London. The French startup opened for business in the US in March 2013 and operates until now. American clients could only purchase clothing and accessories. However, that is about to change as they would be able to sell their stuff as well like European customers.
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