Vestiaire Collective: Raises €178M in Funding

  • Vestiaire Collective, a Paris, France-based global platform for second-hand fashion, closed a new €178m financing round
  • The company intends to use the funds to scale up its technology and data innovation roadmap
  • Vestiaire Collective is a global app for pre-loved fashion
  • It provides its community with inspiration, tools and features to sell and buy unique pre-loved pieces from each other’s wardrobes
  • The platform has an inventory of 3 million items that includes 140,000 new listings every week
  • Launched in Paris in 2009, the company has offices in Paris, New York, Hong Kong, Singapore and a tech hub in Berlin
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market. Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market. Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region. Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability. Highlights: US Treasury Secretary warns banks about the risks of...