Authors: Roxanne Varza
Thursday, 09 September 2010 17:20
The French Entrepreneurs’ Fund ISAI Invests in Second-Hand Louis Vuitton
In April, we announced that French startup fund, ISAI, officially launched with some 24 million euros. The "French entrepreneurs fund" brings together some of the 60 hottest names in French tech, including
PriceMinister's founder Pierre Kosciusko-Morizet and the former Editor of TechCrunch France, Ouriel Ohayon. The fund announced a first investment in June, putting 1.25 million euros into the France-based, European carpooling platform, Covoiturage.fr - and has just announced a second investment in InstantLuxe, a marketplace for certified authentic luxury goods.
InstantLuxe was founded in 2009 and allows individuals and professionals to buy and sell high-end, second-hand goods from brands like Chanel, Louis Vuitton, Rolex, Bulgari, etc. All items sold on the site are delivered with a certificate of authenticity after being inspected by a network of experts. The site sells everything from jewelry to leather goods to accessories - plus, users searching for a particular item can request it for free.
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