Total amount raised
$991.5 Millions
Latest funding date
1/1/2020
Location
Farfetch has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform serves as a global marketplace for luxury fashion, offering a wide range of high-end clothing and accessories.
Keep reading to explore the intricacies of Farfetch's fundraising journey and the investors backing this innovative platform.
What Is Farfetch?
Farfetch, founded in June 2007 by José Neves, is headquartered in London, England. The company operates as a global marketplace for luxury fashion, connecting consumers with high-end clothing and accessories from various independent boutiques and brands worldwide.
With a workforce ranging between 1001-5000 employees, Farfetch has established itself as a significant player in the e-commerce and fashion industries. The platform offers a diverse range of products, including womenswear, menswear, and kidswear, along with services like wardrobe refresh and selling designer bags.
Farfetch's innovative approach and extensive network have made it a go-to destination for luxury fashion enthusiasts. The company's commitment to connecting the luxury fashion ecosystem through its modular end-to-end technology platform sets it apart in the competitive market.
How Much Funding Has Farfetch Raised?
- Round Name: Series C
- Amount Raised: $20M
- Date: March 2013
- Lead Investors: Condé Nast
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its global reach and enhance its technology platform.
- Round Name: Series D
- Amount Raised: $66M
- Date: May 2014
- Lead Investors: Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve logistics infrastructure.
- Round Name: Series E
- Amount Raised: $86M
- Date: March 2015
- Lead Investors: DST Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance customer experience.
- Round Name: Debt Financing
- Amount Raised: $50M
- Date: March 2016
- Lead Investors: TriplePoint Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital and operational expenses.
- Round Name: Series F
- Amount Raised: $110M
- Date: May 2016
- Lead Investors: Eurazeo, IDG Capital, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and invest in technology.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic initiatives and partnerships.
- Round Name: Corporate Round
- Amount Raised: $397M
- Date: June 2017
- Lead Investors: JD.com
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its presence in the Chinese market.
- Round Name: Post-IPO Debt
- Amount Raised: $250M
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support long-term strategy and growth plans.
- Round Name: Post-IPO Equity
- Amount Raised: $600M
- Date: November 2020
- Lead Investors: Alibaba Group, Groupe Artémis, Richemont
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its technology platform and expand globally.
Total Amount Raised: $1.579B. Current Valuation: Not publicly disclosed.
Key Investors
- Alibaba Group
- Details: Alibaba Group is a global technology company headquartered in Hangzhou, China. It operates various e-commerce platforms, including Taobao and Tmall.
- Investment Focus Areas: E-commerce, technology, cloud computing.
- Notable Investments: Lazada, Ant Group, Cainiao Network.
- Groupe Artémis
- Details: Groupe Artémis is a French holding company founded by François Pinault. It manages a diverse portfolio of investments, including luxury brands and media companies.
- Investment Focus Areas: Luxury goods, media, wine.
- Notable Investments: Kering, Christie's, Château Latour.
- Richemont
- Details: Richemont is a Swiss luxury goods holding company. It owns several of the world's leading luxury brands, particularly in jewelry and watches.
- Investment Focus Areas: Luxury goods, jewelry, watches.
- Notable Investments: Cartier, Montblanc, Van Cleef & Arpels.
- JD.com
- Details: JD.com is one of China's largest e-commerce companies, headquartered in Beijing. It offers a wide range of products, from electronics to groceries.
- Investment Focus Areas: E-commerce, logistics, technology.
- Notable Investments: JD Logistics, JD Health, Dada Nexus.
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company owned by the government of Singapore. It has a diverse portfolio across various sectors and geographies.
- Investment Focus Areas: Financial services, telecommunications, transportation.
- Notable Investments: DBS Bank, Singtel, Singapore Airlines.
What's Next for Farfetch?
Farfetch's future looks promising, with significant opportunities for growth, particularly in the Chinese market. Leveraging Tencent's WeChat platform, Farfetch aims to enhance its presence and customer experience in China, a market that is increasingly important for luxury fashion. The $250 million investment from Tencent and Dragoneer will support these efforts, providing the necessary capital to scale operations and improve their technology platform.
As Farfetch continues to expand, future fundraising opportunities may arise, especially if the company demonstrates sustained growth and profitability. However, challenges such as navigating the complexities of the Chinese market, managing increased indebtedness, and maintaining profitability while expanding rapidly could pose significant hurdles. The luxury fashion industry is volatile, and Farfetch will need to stay agile and innovative to maintain its competitive edge.
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