Faume Secures €8 Million for Expansion of Second-Hand Fashion Platform
Deal News | Apr 11, 2025 | Goodwin
Faume, a company dedicated to enhancing the resale market for second-hand fashion and luxury items, has raised €8 million in a funding round led by Amundi, with significant contributions from Daphni and Bpifrance. Founded in 2020, Faume has already established itself as a significant player by supporting over 45 fashion brands. The company's platform aids these brands in implementing effective and sustainable second-hand services, contributing to a reduction in carbon impact within the fashion industry. With the new funding, Faume aims to expand its sales and technology divisions to support up to 150 brands over the next four years. Furthermore, in 2025, the company plans to introduce an innovative dynamic pricing AI solution to offer more competitive prices than current marketplaces. The legal support for this investment came from Goodwin's Paris team, led by Anne-Charlotte Rivire with support on corporate matters from Louis Tasl dHliand.
Sectors
- Fashion and Retail
- Technology
- Investment and Private Equity
Geography
- France – Faume and the advising legal team, Goodwin, are based in Paris, emphasizing the French market as the primary geographical focus.
Industry
- Fashion and Retail – Faume operates within the second-hand fashion industry, which focuses on the resale of pre-owned fashion and luxury items, addressing sustainability challenges.
- Technology – Faume plans to integrate a dynamic pricing AI into its platform, which positions the company within the technology sector, specifically in the field of e-commerce technology solutions.
- Investment and Private Equity – The involvement of Daphni, Bpifrance, and Amundi in the financing round categorizes this as a private equity and venture capital investment.
Financials
- €8 million – The total amount raised by Faume in the latest funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Faume | Target company | Company | A warehouse management platform focused on the resale of second-hand fashion and luxury items. |
| Amundi | Lead Investor | Company | A large asset manager that led the €8 million investment round in Faume. |
| Daphni | Investor | Company | A venture capital firm that participated in the funding round for Faume. |
| Bpifrance | Investor | Company | A French investment bank that participated in the funding round for Faume. |
| Goodwin | Legal Advisor | Company | A law firm that advised Daphni and Bpifrance in the financing round for Faume, with the team led by Anne-Charlotte Rivire. |
| Anne-Charlotte Rivire | Lead Legal Advisor | Person | Led the Paris team from Goodwin in advising Daphni and Bpifrance. |
| Louis Tasl dHliand | Corporate Legal Advisor | Person | Supported Anne-Charlotte Rivire on corporate aspects of the advisory work. |