Vestiaire Collective is a technology company.
Vestiaire Collective has raised $512.0M across 5 funding rounds.
Vestiaire Collective has raised $512.0M in total across 5 funding rounds.
Vestiaire Collective has raised $512.0M in total across 5 funding rounds.
Vestiaire Collective's investors include Addition, BoxGroup, Company Capital, Felicis Ventures, Future Planet Capital, General Atlantic, Launchpad Capital, TCV, Xfund, Patrick S. Chung, Tiger Global Management, Balderton Capital.
Vestiaire Collective is an online marketplace for pre-owned premium and luxury fashion items, enabling users to buy and sell second-hand clothing, accessories, watches, and jewelry while promoting circular economy principles.[1][2][3] Founded in 2009 and headquartered in Paris, it serves a global community of fashion enthusiasts across 70-80 countries, solving the problem of unused wardrobe items that contribute to fashion waste by verifying authenticity, curating listings, and facilitating resale to extend product lifecycles.[2][4][5] With strong growth momentum—including €356 million raised in 2021, 23 million members, over 12 million items sold since inception, and acquisitions like Tradesy in 2022—it became a French unicorn, the first B Corp-certified fashion resale platform in 2021, and partners with luxury brands via Resale as a Service (RaaS).[1][4]
Vestiaire Collective was founded in 2009 in France by Sophie Hersan and Fanny Moizant, initially as "Vestiaire de Copines," a small platform sourcing items from family and friends to address the issue of luxury purchases languishing unused in closets.[1][2][5] The idea emerged from founders' observations of fashion waste—people wearing only half their clothes on average—and a desire to make luxury sustainable by creating a trusted peer-to-peer marketplace with expert authentication.[3][5] Early traction built through community trust, growing from 4,000 users in 2009 to millions worldwide; pivotal moments include Eurazeo's 2018 backing with CEO Maximilian Bittner, massive 2021 fundraises, B Corp certification, and expansions like U.S. acquisition of Tradesy in 2022.[1][4] Additional co-founders like Sébastien Fabre, Henrique Fernandes, Christian Jorge, and Alexander Cognard contributed to its foundation on sustainability and verification.[3]
Vestiaire Collective rides the circular fashion trend, leveraging digital marketplaces to combat overproduction and waste in an industry where unused clothes fill landfills—aligning with rising consumer demand for sustainability amid climate pressures.[4][5] Timing is ideal post-2009 launch, as resale exploded with awareness of fast fashion's toll; its early-mover status (one of the first trusted platforms) and tech-enabled verification scaled it into a unicorn influencing luxury brands to adopt resale models.[1][2] Market forces like Gen Z's preference for pre-loved items (60% of sellers wouldn't resell without platforms) and regulatory pushes for eco-fashion favor it, while it shapes the ecosystem by nurturing circular mindsets, partnering with charities like The Or Foundation, and launching anti-counterfeiting initiatives.[4][5]
Vestiaire Collective is poised to dominate global resale as circular fashion matures into a trillion-dollar market, expanding RaaS with more luxury brands and tech like AI curation for hyper-local circulation.[2][4] Trends like "Think First Buy Second" and durable wardrobes will propel growth, potentially hitting new milestones in items saved from waste amid stricter sustainability regs. Its female-founded, B Corp ethos positions it to evolve from disruptor to industry standard-setter, perpetually redefining luxury as shared and responsible—proving resale's power to transform consumption habits started in 2009.[1][5]
Vestiaire Collective has raised $512.0M across 5 funding rounds. Most recently, it raised $210.0M Series I in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $210.0M Series I | Addition, BoxGroup, Company Capital, Felicis Ventures, Future Planet Capital, General Atlantic, Launchpad Capital, TCV, Xfund, Patrick S. Chung | |
| Feb 1, 2021 | $210.0M Series H | Tiger Global Management | |
| Jun 1, 2019 | $45.0M Series F | Balderton Capital, Insight Partners, Rich Miner, Roger Ehrenberg | |
| Sep 1, 2015 | $37.0M Series D | Balderton Capital, Insight Partners, Rich Miner, Roger Ehrenberg | |
| Oct 1, 2011 | $10.0M Series B | Balderton Capital, Insight Partners, Rich Miner, Roger Ehrenberg |