ISAI invests €650,000 in InstantLuxe.com

This first round of institutional fundraising will allow InstantLuxe.com to make its first marketing investments and to start working on a European expansion strategy.

Founded in 2009, InstantLuxe.com is an online marketplace dedicated to second-hand luxury items. In a bid to address prevalent forgery issues, all the products going through the website must have a certificate of authenticity to be sold.

This is the second investment for ISAI's first fund, a €24m Internet-focused vehicle. The venture firm backed carpooling website Covoiturage.fr with a €1.25m investment in June 2010.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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