E-commerce site farfetch.com has raised $18m in a second round of funding from Index Ventures, eVenture Capital Partners and existing investors Advent Venture Partners.
A curated marketplace comprised of independent fashion boutiques from around the world, the site has a current annual sales growth rate of 204%.
It now hosts 35,000 products from both established and emerging designer labels; representing over 200 boutiques in 12 countries.
The funding round will enable it to both deepen its presence in existing markets across Europe and North America, and further its efforts in the likes of Brazil and Asia.
Half of all sales on farfetch.com are delivered to emerging and new markets. According to CEO and founder José Neves, this new round of investment only stands to encourage this figure.
He said: “farfetch.com is growing extremely fast, and now has a strong international presence… We felt it was the right time to scale up our team and operations and seize some fantastic opportunities.”
There’s an interesting piece on the New York Times’ technology pages today about actor Ashton Kutcher as “a smart early investor in some of the most-talked about internet start-ups”.
Off the back of his appearance at TechCrunch Disrupt earlier this week, it references the fact he has capital in companies ranging from Foursquare and Path, to Skype, Flipboard and most recently Airbnb.
“I have a bunch of interesting and really smart people that I sit with and talk to quite frequently because of the investments I’ve made, and between their networks and mine, I get to see things really early,” he said.
The piece also references his involvement on a creative level: “He has been known to drop into General Assembly, a co-working space in Manhattan that is the home of one of his investments, the fashion site Fashism. He advised Path on ways to let users comment and give feedback on each others’ photos.”
Well worth a read: An Actor Who Knows Start-Ups