L’Idealist is an e-commerce startup that has positioned itself as a luxury marketplace by bringing together prestigious international dealers of antiques, vintage furniture and design, fine art, estate jewelry, vintage couture, and fine homes. Established in 2014, the company has adopted ultra-lean adaptive strategies to fuel its rapid growth, attracting over 300 leading luxury vendors from around the world. With a temporary platform that has already generated a Gross Merchandise Value (GMV) of $3M in the first 3 months of operation, L’Idealist is gearing up to release a new version with enhanced features by September. The company's slogan, "L'Idealist offers luxury goods from prestigious merchants with expert and social curation, aiming to upgrade lives," reflects its mission to provide customers with seamless access to unique luxury goods. L’Idealist’s approach to luxury e-commerce stands out as it focuses on the discovery of products and services, facilitated by a carefully curated selection process. Unlike traditional discount-driven e-commerce platforms, L’Idealist offers a new shopping experience without flash sales on unsold products. The platform is free for businesses selected to be featured and marketed, with L’Idealist receiving commission solely on direct sales. The startup's last investment round saw it securing a $525.00K Seed investment on 14 March 2014, with the investment coming from Fabrice Le Parc. With its unique positioning in the e-commerce and fashion industries and ambitious growth strategies, L’Idealist has the potential to capitalize on the growing demand for exclusive luxury goods and services in the online marketplace.
Funding Stage | Amount | No. Investors | Investors | Date |
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Seed Round | $525.00K | 1 | Fabrice Le Parc | 14 Mar 2014 |
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