InstantLuxe, which currently has 500,000 members, also plans to increase its presence in France and elsewhere in Europe.
Sophie Dingreville, Iris Capital partner, said, “By providing consumers with a premium platform dedicated to pre-owned luxury goods, InstantLuxe contributes in bringing value to the high-end European online commerce, which is in full expansion.
Since its launch in 1986 Iris, which targets European service technology companies, has invested more than €900m in 200 businesses.
Last month the venture capital firm partnered Cologne-headquartered peer Capnamic Ventures to seek early stage investment opportunities in Germany.
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