Faume has secured €8 million in funding to accelerate its expansion in the European second-hand fashion market, targeting the UK and Italy.

Overview of the Target

Faume, co-founded in July 2020 by Aymeric Déchin, Nicolas Viant, Jocelyn Kerbourc’h, and Lucas Patricot, is a pioneering platform focused on the resale of luxury and premium fashion items. Recently, the company secured €8 million in funding from Amundi Private Equity Transition Juste, along with historical investors Daphni and Bpifrance through its Digital Venture fund. Within five years of its establishment, Faume has established itself as a leading partner for luxury and premium fashion brands in France.

This funding round is aimed at accelerating Faume's expansion across Europe, particularly in the UK and Italy, where it has recently entered into collaboration with iconic fashion brand Victoria Beckham. The UK is a crucial market for fashion brands due to its robust business environment and innovative landscape, while the Italian market is increasingly embracing the resale sector with forthcoming announcements from prominent brands.

Industry Overview in France

The second-hand fashion sector is experiencing significant growth, outpacing the sales of new clothing by 20 times. In 2024, second-hand purchases represented 20% of online fashion spending, with the global second-hand clothing market projected to r