A London-based online fashion retailer has become the latest British start-up to be valued at $1bn, sparking renewed fears that the UK’s tech sector is overhyped.
Farfetch, which runs a website selling luxury garments from independent boutiques, said yesterday that it had received $86m in a funding round led by DST Global, a venture capital firm run by Yuri Milner, who was an early backer of Facebook, Twitter and Alibaba.
This latest fundraising is further evidence of Silicon Valley investors seeking out Britain’s nascent tech start-ups, and looking to cash in by funding their
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