Farfetch, a London-based high-end fashion retailer, has raised $86 million, launching the company's valuation to $1 billion, the Financial Times reported.
The seven-year-old startup is an online marketplace that peddles designer clothes and accessories from more than 300 independent boutiques across the world. With the latest round, the company has now raised a total of $195 million.
The massive price tag makes the company the third high-profile London tech startup this year to ascend to the so-called "unicorn club" of companies that have surpassed billion-dollar worth. Music recognition service Shazam and banking app TransferWise both hit the mark in January. Read more...
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