Farfetch Acquisition, Valuation, Funding & Investors
Farfetch was acquired by Coupang for $624M in December 2023, a 0.2x multiple on $2.5B of revenue.
Farfetch revenue at acquisition
$2.5B
Last twelve months · Dec 2023
Farfetch revenue multiple at acquisition
0.2x
EV/Revenue · Dec 2023
Cumulative funding Farfetch raised
$679M
across 5 funding rounds
About Farfetch
Farfetch is a London-headquartered luxury e-commerce marketplace founded in 2008 with operations in Porto. It aggregates inventory from 700 boutiques and 1,300 brands, offering 400,000-plus items like coats, trousers, suits, and swimwear to buyers in 190 territories. The API-driven platform supports applications, services, and data layers, achieving NYSE listing in 2018 before Coupang acquisition in 2023 for $502 million.
Founded
2007
HQ
LondonWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Commission
Revenue
$150M (Jun 2017)
Valuation
$1.5B (Jun 2017)
Farfetch Acquisition
Farfetch was acquired by Coupang for $624M on 19 December 2023.
The acquisition price implies a 0.2x revenue multiple on $2.5B of revenue.
Before the acquisition Farfetch had raised $679M across 5 funding rounds.
Coupang, a South Korean-headquartered global e-commerce retailer, acquired the business and assets of Farfetch Holdings plc, a London-based online luxury marketplace, for $500 million in a deal announced in December 2023 and completed in January 2024. Farfetch operated a leading platform connecting luxury boutiques and exclusive brands with consumers globally, serving over 4 million customers. The acquisition provided Farfetch with critical capital to avoid bankruptcy after the company's financial condition deteriorated sharply in late 2023, with previous projections of $800 million in cash by year-end proving drastically inaccurate. Coupang positioned the deal as a strategic entry into the $400 billion global personal luxury goods segment, leveraging its operational expertise and logistics infrastructure while noting particular opportunities in South Korea, which has the world's highest per-capita spending on personal luxury goods. The deal eliminated approximately $1.6 billion in Farfetch debt while wiping out all equity holders and the company's board, with founder and CEO José Neves retaining his board seat. Coupang, supported by investment partner Greenoaks Capital Partners, utilized bridge loans to fund the acquisition and committed to positioning Farfetch as a private company pursuing steady growth focused on delivering elevated experiences to luxury brands and boutiques. The transaction faced significant opposition from the 2027 Ad Hoc Group, a coalition of convertible note holders representing over 50 percent of Farfetch's debt, who challenged the deal's expedited timeline and accused Coupang of using a $1 billion 'poison pill' to deter competing bidders, though Farfetch maintained that a robust marketing process conducted by JP Morgan failed to generate alternative proposals.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 19 Dec 2023 | Strategic M&A | $624M | 0.2x |
Farfetch Valuation
Farfetch is currently valued at $1.5B, based on its strategic investment round in June 2017.
The $397M round was led by JD.com.
Farfetch's valuation has grown 1.5x from $1B at its Series E in March 2015 to $1.5B in June 2017, across 3 priced rounds.
Farfetch valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2017 | Strategic investment | $1.5B | 10.0x |
| May 2016 | Series F | $1.5B | 7.5x |
| Mar 2015 | Series E | $1B | 3.3x |
Farfetch Revenue
Farfetch's latest recorded revenue is $150M, as of its strategic investment round in June 2017. At a $1.5B valuation, that implies a 10.0x revenue multiple.
Revenue moved from $300M in March 2015 to $150M in June 2017, while the revenue multiple moved from 3.3x to 10.0x.
Farfetch revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2017 | $150M | $1.5B | 10.0x | Strategic investment |
| May 2016 | $201M | $1.5B | 7.5x | Series F |
| Mar 2015 | $300M | $1B | 3.3x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Farfetch Funding History
Farfetch has raised a total of $679M across 5 funding rounds.
Farfetch's first fundraising round was a $20M Series C in March 2013. The most recent completed round was a $397M strategic investment round in June 2017.
Farfetch funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2017 | Strategic investment | JD.com (lead) | $397M | $1.5B | Farfetch is a London-based luxury fashion platform connecting consumers with a curated network of over 500 multi-brand boutiques and brands worldwide, established as a leading online luxury marketplace. In June 2017, Chinese e-commerce giant JD.com invested approximately $397 million in Farfetch, making it one of the company's largest shareholders, with JD.com CEO Richard Liu joining Farfetch's board. This strategic partnership aimed to leverage JD.com's logistics network (including JD Luxury Express), marketing, technology, online payments, microcredit tools, WeChat integration, and big data to accelerate Farfetch's expansion in China, its second-largest market by then, where it already partnered with 200 brands and 500 retailers. The investment followed Farfetch's prior $100-110 million Series F round about a year earlier (announced May 2016), which valued the company at $1.5 billion overall and supported Asia expansion. Farfetch had raised over $350 million in total venture funding by mid-2017 and was reportedly preparing for an IPO potentially valuing it up to $5 billion, though the CEO remained non-committal. In 2016, Farfetch cleared $800 million in gross sales, generating an estimated $150 million in revenue through commissions of 20-25% from partners; the core marketplace achieved significant underlying profitability in Q4 2016, though the company overall was not yet profitable. Farfetch ranked as the world's top luxury e-commerce site by traffic, surpassing Net-a-Porter and Neiman Marcus per Alexa analytics. The JD.com deal positioned Farfetch to combat counterfeits and tap China's growing luxury market amid competition with Alibaba. Shared investors like Temasek (Singapore's sovereign wealth fund) and IDG Capital facilitated regional partnerships, hiring, and insights in Asia. The collaboration emphasized quality over price in Chinese e-commerce trends, enabling faster delivery, brand access, and omni-channel luxury shopping for upwardly mobile consumers. |
| May 2016 | Series F | Eurazeo (lead); IDG Capital (lead); Temasek (lead); Jose Marin; FJ Labs; Fabrice Grinda; Vitruvian Partners; Headline | $110M | $1.5B | Farfetch is a London-headquartered online luxury fashion e-commerce platform that connects global consumers with over 500 partner boutiques and 200 brands located in cities including London, New York, and Paris. The company operates as a marketplace for the luxury sector, offering virtual shopping across boutiques worldwide. In 2016, Farfetch demonstrated strong growth metrics, with gross merchandise value rising 81% to £547.9 million and revenue increasing 74% to £151.3 million. The company reported monthly website visits of 21 million and geographic revenue distribution of £12 million from the UK, £40 million from Europe, and £98 million from the rest of the world. Losses for the year increased 18% to £34 million despite robust top-line growth. Founder and CEO Jose Neves emphasized the company's investment strategy focused on technology, customer acquisition, and hiring to support ambitious growth plans and build a technology platform for the luxury industry. |
| Mar 2015 | Series E | DST Global (lead); Jose Marin; Condé Nast; Felix Capital; Fabrice Grinda; Vitruvian Partners; Sandbridge Capital; Headline; Caixa Capital | $86M | $1B | Farfetch, a London-based online marketplace connecting high-end fashion boutiques worldwide without holding inventory, raised $86 million in a Series E funding round on March 4, 2015, led by DST Global, with participation from Caixa Capital, Condé Nast, Fabrice Grinda, Felix Capital, Headline, Headline Asia, Jose Marin, Sandbridge Capital, and Vitruvian Partners. The round valued the company at a post-money $1 billion, earning it unicorn status as one of the few fashion tech companies to reach that milestone at the time. Total funding raised by Farfetch reached nearly $200 million, following prior investments. The proceeds were earmarked for global expansion, including omnichannel initiatives like adding boutiques in Japan and Australia, launching same-day delivery, and targeting growth markets such as South Korea and Latin America. Farfetch already operated in key cities like London, New York, Los Angeles, Porto, and Sao Paulo, with strong footholds in China, Russia, Japan, Europe, and the U.S. The platform offered over 1,000 brands from more than 300 boutiques across locations including New York, Paris, Bucharest, and Seattle. Traction was robust, with gross merchandise value (GMV) growing from $25,000 per day in 2010 to around $1 million per day by 2015, alongside annual sales of $300 million on the platform. Average customer basket size stood at $600-$700, typically covering multiple items. Founder and CEO Jose Neves emphasized maintaining the pure marketplace model without private labels or inventory to keep overheads low while scaling internationally. This funding positioned Farfetch as London's third tech unicorn in early 2015, alongside Shazam and TransferWise, highlighting London's emerging tech scene beyond Silicon Valley. DST Global, known for investments in Facebook, Twitter, Xiaomi, Alibaba, and Flipkart, rarely invested in Europe but saw strong potential in Farfetch's team, growth, and the expanding luxury fashion e-commerce market. No profitability details were disclosed, with focus on aggressive growth. |
| May 2014 | Series D | Vitruvian Partners (lead); Advent Venture Partners; Condé Nast; Ceyuan Ventures; Huangpu River Capital; Headline | $66M | - | Farfetch is a global e-commerce platform launched in 2008 that connects independent bricks-and-mortar fashion boutiques from around the world, curating designer brands like Fendi, Gucci, and Chloé alongside emerging designers, with over 300 boutiques from cities like Paris, New York, Milan, Bucharest, Helsinki, and Honolulu listing clothing for men and women. In a Series D funding round announced on May 1, 2014, Farfetch raised $66 million led by Vitruvian Partners, with participation from existing investors Condé Nast International and Advent Ventures, new investor Richard Chen of Ceyuan Ventures, and matching the specified investors including Headline and others. The funds were allocated to fuel international growth in markets like the U.S., Brazil, Asia (including Russia, Japan, China), enhance technology development, and advance its omni-channel strategy combining online and physical retail. At the time, Farfetch reported annual sales of $275 million with 100% year-on-year growth, demonstrating strong traction in the luxury fashion e-commerce space. |
| Mar 2013 | Series C | Condé Nast (lead); Advent Venture Partners; Index Ventures; Headline | $20M | - | Farfetch is a global online marketplace for luxury fashion, aggregating inventory from over 1,000 boutiques across 26 countries to offer more than 100,000 items to 270,000 customers in 170 countries, with average order values of $650. The platform uses a software module installed in boutiques for multi-channel merchandising, enabling direct delivery without Farfetch holding inventory, which differentiates it from traditional e-tailers and drives incremental sales for boutiques, some generating over 30% of their overall revenue from the platform. Index Ventures participated in Farfetch's Series B in 2012 and Series C in 2013, highlighting the proven marketplace model. In 2013, Farfetch generated sales of $275 million, with revenues growing at 100% year-over-year. |
Who has invested in Farfetch?
18 investors have backed Farfetch across its funding rounds, including Headline, Vitruvian Partners, Condé Nast, Fabrice Grinda, Jose Marin and Advent Venture Partners.
Lead investors include JD.com, Eurazeo, IDG Capital, Temasek, DST Global and 2 other investors.
Farfetch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 4 | Participant | Mar 2013 | |
| New York City, NY | 3 | Lead | Mar 2013 | |
| London | 3 | Lead | May 2014 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Jose Marin |  Madrid | 2 | Participant | Mar 2015 |
| London | 2 | Participant | Mar 2013 | |
| New York City, NY | 2 | Participant | Mar 2015 | |
 Singapore | 1 | Lead | May 2016 | |
| London | 1 | Participant | Mar 2013 | |
 Beijing | 1 | Lead | May 2016 | |
| New York City, NY | 1 | Participant | May 2016 | |
| London | 1 | Participant | Mar 2015 | |
| Beijing | 1 | Lead | Jun 2017 | |
 France | 1 | Lead | May 2016 | |
This data is available for Pro users. Sign up to see all 18 Farfetch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Farfetch
Farfetch has acquired 11 companies to date.
Last acquisition by Farfetch was on May 25th 2022. Farfetch acquired WANNA for $31M.
Latest Acquisitions by Farfetch
| Description | WANNA is an augmented reality platform enabling virtual try-ons for online shopping. The company develops AR tools for luxury fashion and footwear at wanna.fashion. Its Wanna Kicks product simulates shoe fitting on users' feet via smartphone cameras. WANNA integrates with retailer sites like Farfetch to display products in real-world settings, cutting return rates for brands. | VIOLET GREY is a Los Angeles-headquartered e-commerce platform curating professional-grade beauty products including cleansers, toners, makeup removers, body treatments, sun care, and eye care items. Launched in 2012 from a Hollywood dressing studio space once owned by architect John Elgin Woolf, it serves consumers via online marketplace and physical stores. The site features expert reviews, makeup recommendations, and selections tested by celebrity stylists and artists. | Luxclusif is a Paris-headquartered B2B platform for trading pre-owned luxury goods globally. The marketplace authenticates handbags, watches, and jewelry from brands like Louis Vuitton and Rolex, connecting retailers with vetted consignors. Luxclusif processes over 50,000 items annually using AI-driven condition assessments and blockchain provenance tracking. | Allure Systems is a Tel Aviv-based AI company generating photorealistic apparel images for e-commerce retailers. The platform uses generative adversarial networks to create 360-degree model photos from flat garment scans, reducing photography costs by 90%. Serving brands like ASOS and Next, Allure Systems processes millions of SKUs monthly since its 2020 launch, integrating with Shopify and Magento storefronts. | |
| HQ Country |  | |  | | |
| HQ City | Vilnius | Los Angeles, CA | Manila | New York City, NY | |
| Deal Date | 25 May 2022 | 28 Jan 2022 | 9 Dec 2021 | 1 Dec 2021 | |
| Valuation | $31M | $44M | $27M | $22M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Farfetch acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Farfetch
Farfetch has invested in 26 companies to date.
Latest investment by Farfetch was on May 10th 2023. Farfetch invested in Numbers Protocol in their $200K Seed round.
Latest Investments by Farfetch
| Description | Numbers Protocol is a blockchain platform for digital content provenance. It verifies AI-generated media and provides decentralized storage for creators. Tools enable trust verification and monetization of photos, videos, and art. | Nettle Labs is a London-based fintech developing digital payment and loyalty platforms that offset carbon emissions per transaction. The system integrates with existing POS terminals to make purchases net-zero via verified carbon credits, while enhancing customer retention through personalized rewards. Launched in 2021, Nettle partners with retailers in the UK and EU. | - | Solaire is a peer-to-peer marketplace and search engine focused on goods enabled by digital product passports and connected technologies. Users discover, buy, and sell items with verifiable sustainability data, provenance, and lifecycle information via blockchain integration. Targeting eco-conscious consumers, the platform supports circular economy transactions for apparel, electronics, and luxury goods across Europe. | |
| HQ Country |  | | | | |
| HQ City | Taipei | London | - | New York City, NY | |
| Deal Date | 10 May 2023 | 10 May 2023 | 10 May 2023 | 10 May 2023 | |
| Round | Seed | Pre-seed | Seed | Pre-seed | |
| Raised | $200K | $200K | $200K | $200K | |
| Investors | Outlier Ventures | Outlier Ventures | Outlier Ventures | Outlier Ventures | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Farfetch investments and their VC round multiples. Start Free Trial | |||||
Farfetch Competitors
Farfetch competitors include listed companies like ThredUp, DIP and Cars.com, and private ones like Queenly, Apartment List and Zora.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $650M | - | |
| United States | Publicly listed | $311M | ($5M) | $317M | 0.9x | |
 Japan | Publicly listed | $353M | $85M | $623M | 1.5x | |
| United States | Publicly listed | $723M | $157M | $608M | 1.4x | |
| San Francisco, CA | Private | $37M | - | $600M | 16.2x | |
| Los Angeles, CA | Private | - | - | $600M | - |
Farfetch Public Comps
Farfetch is no longer listed, but its public comps include DIP, Cars.com, Maoyan Entertainment, Hypoport, Nerdwallet, Senco Gold, Hemnet, Zhou Liu Fu Jewellery, Canada Goose and eDreams ODIGEO.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $353M | $85M | 1.5x | 1.5x | 6.1x | 7.4x | |||
| $723M | $157M | 1.4x | 1.4x | 6.5x | 4.8x | |||
| $691M | $124M | 0.1x | 0.1x | 0.7x | 1.0x | |||
| $694M | $78M | 0.8x | 0.8x | 6.9x | 6.8x | |||
| $837M | $112M | 0.6x | 0.6x | 4.7x | 3.6x | |||
| $878M | $103M | 1.0x | 0.9x | 8.4x | 9.4x | |||
| $156M | $78M | 4.8x | 5.2x | 9.6x | 11.1x | |||
| $870M | $151M | 0.8x | 0.9x | 4.5x | 4.5x | |||
This data is available for Pro users. Sign up to see all Farfetch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Farfetch
| When was Farfetch founded? | Farfetch was founded in 2007. |
| Where is Farfetch headquartered? | Farfetch is headquartered in London, United Kingdom. |
| Is Farfetch publicly listed? | No, Farfetch was acquired by Coupang in December 2023. |
| Who acquired Farfetch? | Farfetch was acquired by Coupang in December 2023. |
| How much was Farfetch acquired for? | Farfetch was acquired for $624M in December 2023, a 0.2x revenue multiple. |
| What is Farfetch's valuation? | Farfetch was last valued at $1.5B in its strategic investment round in June 2017. |
| How much funding has Farfetch raised? | Farfetch has raised $679M across 5 funding rounds. |
| What was Farfetch's last funding round? | Farfetch's last funding round was a $397M strategic investment round in June 2017, led by JD.com. |
| Who are Farfetch's investors? | Farfetch's investors include Headline, Condé Nast, Vitruvian Partners, Jose Marin, Advent Venture Partners, Fabrice Grinda, Temasek, Index Ventures, IDG Capital, FJ Labs and 8 others. |
| What is Farfetch's revenue? | Farfetch's latest recorded revenue is $150M (June 2017). |
| What is Farfetch's revenue multiple? | Farfetch's latest valuation implies a 10.0x revenue multiple ($1.5B valuation on $150M of revenue). |
| Which companies are comparable to Farfetch? | Companies comparable to Farfetch include Queenly, ThredUp, DIP, Cars.com, Apartment List and Zora. |
| How many companies has Farfetch acquired? | Farfetch has acquired 11 companies, including WANNA, VIOLET GREY, Luxclusif, Allure Systems and New Guards Group. |
| What was the largest acquisition by Farfetch? | The $675M acquisition of New Guards Group in August 2019 is the largest acquisition Farfetch has made to date. |
| How many companies has Farfetch invested in? | Farfetch has invested in 26 companies, including Numbers Protocol, Nettle Labs, Wovn, Solaire, Me Protocol, Caviar, Drex and LokkaRoom. |
| What was Farfetch's last investment? | In May 2023, Farfetch invested in Numbers Protocol's $200K seed round alongside Outlier Ventures. |
See companies similar to Farfetch
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.