Upscale ecommerce mecca Farfetch is getting even more swanky thanks to a $66 million capital injection, led by the private equity firm Vitruvian Partners.
Farfetch’s existing investors Condé Nast International and Advent Ventures participated, according to a prepared release, along with new investor Richard Chen from Chinese VC firm Ceyuan.
Portuguese entrepreneur José Neves founded Farfetch in 2008. It allows brick-and-mortar boutiques to compete with online retailers.
The funds will be used to build out Farfetch’s global presence, further investment in technology, and “develop the organization’s omni-channel offering,” the release states. It’ll also help develop local language sites for new markets in Russia, Japan and China.