Singapore-based e-commerce platform Luxola, which was launched in 2011, has been acquired by French luxury goods conglomerate LVMH, following an undisclosed investment into Luxola by LVMH’s cosmetics subsidiary Sephora. The financial details of the acquisition are undisclosed.
According to Crunchbase data, Luxola raised $15.6 million across four rounds of venture funding. The last funding it raised was a Series C round in May 2014 involving F&H Fund Management and QueensBridge Venture Partners, who invested $3 million in the venture. Gree Ventures has also previously invested.
