Eurazeo et al. inject €33m into Vestiaire Collective

Eurazeo invested via its Eurazeo Croissance arm, which acts as a minority shareholder with initial investment tickets of around €15-20m. Its contribution to the round hit the upper limit of this range, at €20m.

Previous backers Condé Nast, Balderton Capital, Ventech and Idinvest Partners provided the remainder. Vestiaire will use the fresh funding to strengthen its operations in Europe and develop in the US market.

Previous funding
Vestiaire has already raised significant amounts of funding. Ventech invested €1.5m in a series-A round for the company in 2010. Balderton then joined Ventech in a €7.5m funding round for the French online fashion marketplace (then known as Vestiairedecopines.com) in 2011.

In 2013, Idinvest joined the existing investors in a $20m series-C round for, led by publishing group Condé Nast.

Company
Established in 2009, Vestiaire is an online platform allowing users to buy and sell pre-owned fashion items and accessories. The company puts a strong emphasis on only offering fashionable, quality items, by screening what can be traded on the site.

Based in Neuilly-sur-Seine, Vestiaire counts 4 million users and employs 180 staff.

People
Virginie Morgon and Yann-Hervé du Rusquec worked on the deal for Eurazeo. The GP appointed Christian Blanckaert, the former CEO of Hermès International and a Moncler director, to represent it on the board.

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• Topics
• France
• Expansion
• Technology
• France
• Eurazeo
• IDInvest Partners (AGF Private Equity)
• Balderton Capital