Vitruvian et al. inject $66m into Farfetch

The fresh capital will enable Farfetch to extend its global presence, develop new sales channels and introduce local-language versions of its service in key markets.

Existing investors Conde Nast International and Advent Ventures also participated in the round.

Vitruvian stated that it was attracted by the company's growth, the profile of its client base and its unique luxury consumer offering.

The GP was one of the major selling shareholders in Just-Eat, which floated on the London Stock Exchange last month with a valuation of £1.46bn – more than 100x EBITDA. In February, Vitruvian sold Leeds-based Callcredit Information Group, a provider of consumer data solutions, software and analytics, to US-based private equity firm GTCR.

Company
Founded in 2008, Farfetch is a London-based e-commerce company that enables independent designer boutiques to trade on a global platform. It has a client-base of 300 and saw its revenues more than double in 2013.

People
José Neves is the chief executive and founder of Farfetch. Mike Risman is a managing partner at Vitruvian.

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Vitruvian Partners
• Advent Venture Partners