Vestiaire hits a 1.7 billion dollar valuation as SoftBank and Al Gore buy in
Vestiaire Collective closed a 178 million euro round, roughly 210 million dollars, backed by SoftBank Vision Fund 2 and Al Gore’s Generation Investment Management, reaching a 1.7 billion dollar valuation, according to Business of Fashion. The investor list mattered as much as the number: a climate-focused fund and a mega-fund arriving together framed luxury resale as both a sustainability play and a scale play.
The round pushed Vestiaire’s total funding past 620 million dollars and installed SoftBank’s Marcelo Claure on the board. Europe now had a clear luxury-resale champion with the capital to chase The RealReal on its home turf.