19. March 2013–
Paris-based fashion marketplace Videdressing has received a $6m Series A funding round co-led by DN Capital, Earlybird, Piton Capital and joined by Generis Capital – and today launched an English version of its site.
“The new funding will enable us to continue to invest in strengthening and expanding our business so we can help more customers in France and beyond,” said Videdressing CEO and co-founder Meryl Job (right).
Similar to Vestiare Collective, Twice and eBay, Videdressing allows users to sell and purchase previously-owned clothing and accessories online. With second-hand goods from luxury brands like Chanel, Lanvin, Isabel Marant and Jil Sander popping up across the site, it’s clear that the company targets high-end fashion lovers.
Videdressing was launched in December 2009 by Job and Renaud Guillerm. The site operates as a third-party between buyers and sellers, promising security from payment to receipt of the merchandise. Reportedly, the catalogue has nearly 400,000 items and is growing at a rate of over 2,500 products per day.
While the site is yet to take a big step beyond the French market, it’s interesting to note the international firepower behind it – Earlybird, headquartered in Berlin, and known for investments in 6Wunderkinder and MyTaxi, among others; DN Capital and Piton hail from London (though DN also has a Palo Alto office); and Generis is based in Paris.
In other Franco-German venture capital news, Paris firm Iris Capital recently teamed up with Cologne’s Capnamic Ventures to invest together in early-stage German tech startups.
featured image: via Videdressing’s Facebook page