Venture Capital
A weekly recap of the most interesting venture capital deals, funds and start-ups. : Luxury online marketplace Farfetch made its market debut Friday, after selling 44.2 million shares and raising $885 million in the IPO with a valuation around $6.2 billion (factoring in shares already held by employees). Founded in 2008 by José Neves, Farfetch began as a platform to help local high-end boutiques reach broader audiences and later evolved as a tool through which brands like Gucci could sell directly to customers. Farfetch makes its money primarily through commissions on sales via its website.