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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