Samwers and Earlybird team up to back French fashion marketplace Videdressing2013-08-29 3
The Samwers’ new $200m investment fund Global Founders Capital has notched up another deal: an undisclosed sum for French secondhand fashion marketplace Videdressing, which raised a $6m Series A round in March 2013.
Videdressing, launched in 2009 by Meryl Job and Renaud Guillerm and based in Paris, is an online peer-to-peer marketplace for previously owned clothing and accessories, with a focus on high-end items and a free returns policy. The company claims to have increased transaction volumes fivefold during 2012, with more than 500,000 items listed.
The new funding is an extension of the previous Series A round rather than an entirely new Series B round and will go towards internationalisation, with a launch in Germany planned for the beginning of September. It’s a competitive market – as well as eBay and all the firsthand online options, rival secondhand marketplaces Kleider Kriesel and Glamloop also recently raised funding ($6.5m from Accel Partners and an unknown sum from Capnamic Ventures, OP Ventures and Holtzbrinck Ventures).
Global Founders Capital partners Oliver Samwer, Marc Samwer and Fabian Siegel are a logical fit if Videdressing hopes to expand quickly. The Samwers are known for aggressively rolling out copies of existing business models into new markets; Siegel co-led global food ordering platform Delivery Hero during a crucial period of expansion.
Both Global Founders Capital and Earlybird Capital, which co-led the Series A round with DN Capital and Piton Capital, are based in Germany. It’s the first time the two firms have worked together – another sign of consolidation and new co-operation in the local industry.
Also today, Global Founders Capital announced an investment in UK dress rental company GirlMeetsDress – again, no terms were disclosed but the company said it had committed “more than $5m” across its last three deals (GirlMeetsDress, Videdressing, Lingoda).
Image credit: via Videdressing’s Facebook page
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