Three years ago, Groupe Arnault injected $40m into fashion platform Lyst. Now Lyst and LVMH are deepening their relationship with a new round of funding. Sources suggest that Lyst has raised between $50m and $100m, with an LVMH contribution of around 90%. LVMH chief digital officer, Ian Rogers, will join the board of Lyst. Lyst hit a gross merchandise value of $325m in the year to March 2018 and is hoping to approach half a billion dollars this year. Lyst takes a commission on sales generating around $21m in net revenue. The company is planning to use the funding to drive global expansion. It has recently launched a French site and will launch in Germany and Spain next. (Note: Chris Morton, founder of Lyst pictured here, spoke at the IADS omnichannel meeting in London in September 2014.)