- Dream Assembly Base Camp is a remote 12-week accelerator program that supports startups with ambitions to help drive the future of Web3 luxury commerce
- The Cohort Two program will focus on luxury data infrastructure, community tools, digital fashion experience, self-representation and sustainability
- Applications open today and are due by March 24, 2023
LONDON, U.K. January 30, 2023 – FARFETCH Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, and Outlier Ventures, the leading global Web3 accelerator and investor, have opened applications for Dream Assembly Base Camp Cohort Two. Dream Assembly Base Camp is a remote 12-week accelerator program which provides a cohort of the most promising Web3 startups in the luxury fashion and lifestyle sectors with a curated program of mentorship, networking and support in order to help drive the future of Web3 luxury commerce.
The Cohort Two program will be tailored to each startup and will focus on luxury data infrastructure, community tools, digital fashion experience, self representation and sustainability. Participating startups will gain access to FARFETCH and Outlier Ventures’ networks of leading mentors from the fashion, technology and Web3 industries, as well as investors, in support of their future fundraising efforts.
Last year, in its inaugural year, the Dream Assembly Base Camp program welcomed eight start-ups from five different countries. The first program covered topics including luxury commerce, token design & economics, product roadmap, NFT & community strategy amongst others.
Carol Hilsum, Senior Director of Product Innovation, FARFETCH, said: “Following a successful first cohort, we are excited to partner with Outlier Ventures again and anticipate receiving a diverse range of startup applicants for the second cohort. The program will focus on helping to shape the future of Web3 luxury commerce through innovative solutions in the areas of luxury data infrastructure, community tools, digital fashion experience, self-representation, and sustainability, building on the successes of the first cohort.”
Blake Lezenski, Program Manager, Outlier Ventures, said: “We saw through our previous Dream Assembly Base Camp cohort how Web3 technology can have a huge impact on the fashion industry and luxury commerce, creating a new forefront of identity expression, helping redefine a deeper experience for consumers. Digital, blockchain-based solutions also have the potential to positively address the biggest issues within the industry such as the counterfeit of luxury products, pollution through fast fashion consumption or waste created by design prototyping. Through Outlier Ventures’ deep knowledge and experience of the Web3 industry and FARFETCH’s eagle eye view on all aspects of the fashion industry, this unique program provides an unrivalled opportunity for founders to leverage our combined network to positively define the future of the sector.”
Applications for the Dream Assembly Base Camp program open today and are due by March 24, 2023. The 12-week program will commence in mid-April 2023.
For more information, please visit https://outlierventures.io/base-camp/dream-assembly-base-camp/
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expectations for the Dream Assembly Base Camp and Web3 luxury commerce, as well as statements that include the words “plans,” “provides,” “will,” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) for the fiscal year ended December 31, 2021, as such factors may be updated from time to time in our other filings with the SEC, accessible on the SEC’s website at www.sec.gov and on our website at http://farfetchinvestors.com. In addition, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that we may make. You should not rely upon forward-looking statements as predictions of future events. In addition, the forward-looking statements made in this press release relate only to events or information as of its date of publication. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
FARFETCH Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for luxury boutiques around the world. Today the FARFETCH Marketplace connects customers in over 190 countries and territories with items from more than 50 countries and over 1,400 of the world’s best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a global platform. FARFETCH’s additional businesses include Browns and Stadium Goods, which offer luxury products to consumers, and New Guards Group, a platform for the development of global fashion brands. FARFETCH offers its broad range of consumer-facing channels and enterprise level solutions to the luxury industry under its Luxury New Retail initiative. The Luxury New Retail initiative also encompasses FARFETCH Platform Solutions, which services enterprise clients with e-commerce and technology capabilities, and Future Retail, which develops innovations such as our Connected Retail solutions.
For more information, please visit www.farfetchinvestors.com.
About Outlier Ventures
Outlier Ventures has been backing startup founders since 2014, with a renowned reputation as the go-to authority for Web3 founders, investors and enterprise, to help shape the future of the Metaverse.
Following huge growth, Outlier Ventures is the most active investor globally within the Web3 ecosystem (by volume), with a portfolio of 187 startups from every region of the world across its Base Camp and Ascent programs, helping raise over $350m in seed funding across its various accelerator programs. Outlier Ventures has also supported the launch and growth of several billion-dollar crypto economies including Biconomy, Boson Protocol, Fetch.ai, Secret Network, Blox Move, and DIA Data.
Outlier Ventures designs bespoke programs that help refine business strategy, product-market fit, community growth, token design and governance as well as an investor and mentor networks.
For more information, please visit www.outlierventures.io
Head of Communications