My-Wardrobe, an online fashion retailer, which received its initial funding two years ago through clients of Vestra, the London-based wealth management boutique, has received a £6m (€7.3m) investment led by venture capital group Balderton, as entrepreneurs increasingly turn to VC and angel investors for funding.

Balderton Capital Management, one of the UK's largest venture capital companies, has put £6m behind four-year-old online fashion retailer My-Wardrobe, in a bid to make it the number-one accessible luxury retailer in Europe, targeting sales of £100m over the next five years.