Hot on the heels of Transferwise and Shazam, which entered the "unicorn" club in January 2015, comes another European unicorn - Farfetch. It's also another success story in the making for Vitruvian Partners, who were the backers of Just Eat, now valued at £2bn after its IPO last year. The Europeans are coming!
Farfetch, the London-based online marketplace for high end fashion retailers, is announcing a raise of $86 million. The funding vaults Farfetch into the unicorn club with a valuation of $1 billion, and it is notable for another reason: it is led by DST Global — the VC firm founded by Yuri Milner that has invested in the likes of Facebook, Twitter, Xiaomi, Alibaba, Flipkart and many more. Other investors in this round include existing investors Conde Nast and Vitruvian Partners. The funding brings the total raised by Farfetch to nearly $200 million.