Luxury, independent eCommerce platform Farfetch has been valued at a whopping $1 billion, following announcements that it has secured an impressive $86 million investment today. 

This brings the total raised by the eight-year-old company to more than $195 million. The business was founded in 2008 by José Neve and this latest achievement means that the cool e-tailer joins the elite 'Unicorn Club' – an influential group of organisations that were started from 2003 onwards and are valued at $1 billion or more by public or private investors.

The new Unicorn Club member has reached its Series E round of funding – which is a signal of significant success – and is being led by Digital Sky Technologies (DST), and existing investors Condé Nast International and Vitruvian Partners. 

"We have had an amazing journey so far, and it's great to add DST to our already fantastic group of backers for the next stage of growth of Farfetch. The challenge now is to keep innovating and focus on establishing a long-lasting global brand." Neve commented today.

The new capital will mostly be injected into expanding the 300+ boutique marketplace’s international footprint. In 2014 three localised versions of the site debuted: In Russian, Japanese and Mandarin. Sites for German, Korean and Spanish in Spain and Latin America are also slated for launch later this year. The money is also going to be used to increase its capabilities to provide same-day delivery in its global markets, as well as to grow its VIP and loyalty programs.