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Vestiaire Collective raises $216 million for its second-hand fashion platform Vestiaire Collective announced a new funding round. The company has raised $216 million, or €178 million  it has reached a valuation above $1 billion, making it a unicorn. French fashion and luxury group Kering is leading the round with Tiger Global Management. Kering now owns 5% of Vestiaire Collective. The startup operates an online marketplace where you can find pre-owned luxury and fashion items. And it’s a complicated industry, as you don’t want to buy a damaged item or a cheap knockoff. The company controls and authenticates some items before they reach the buyer. If you opt for direct shipping, you can get reimbursed if there’s something wrong with what you ordered.

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