Condé Nast Gets Deeper Into E-Commerce, Leads $20M Round in French Luxury Resale Site

Publishing giant Condé Nast, already a supporter of fashion startups like Rent the Runway and Farfetch, is upping its investment in e-commerce. On Monday, the company said it had led a $20 million investment in Vestiaire Collective, a Paris-based site that lets people buy and sell pre-owned luxury fashion items. The Series C round, which brings the startup's total amount raised to more than $30 million, also included Idinvest Partners and existing investors Balderton and Ventech.