High-fashion online platform Farfetch has received $86 million from a new round of investment led by investment group DST Global, with participation from existing investors Condé Nast and Vitruvian Partners. Altogether, the company has raised capital valued at $195 million, which has allowed Farfetch to be valued at $1 billion and join the so called ‘Unicorn Club’, a selected group of businesses that were started since 2003 and are valued at over $1 billion by public or private investors.

The injection of funds will be used to speed up Farfetch’s international expansion, launch new local language sites in German, Korean and Spanish, offer same-day delivery in several markets and the continued development of VIP and loyalty programs for customers in 180 countries. 

José Neves, founder and CEO, in regard of the milestone: “The challenge now is to keep innovating and focus on establishing a long-lasting global brand.”