Le Tote, a San Francisco, CA-based online closet for women to borrow everyday clothing, raised $8.8m in Series A funding.
The round was led by Azure Capital Partners, with participation from Lerer Hippeau Ventures, Simon Venture Group, AITV, Epic Ventures, Arsenal Venture Partners, Funders Club and individuals such as Geoff Ralston, Justin Kan and Joanne Wilson.
The company will use the funds to further expand their brand offering and infrastructure.
Founded in 2012 by Brett Northart and Rakesh Tondon, Le Tote provides a subscription-based fashion service that works with more than 80 brands including House of Harlow, Sam Edelman, Tahari, Splendid, Sanctuary, BCBG and French Connection, allowing customers to borrow and wear unlimited clothing and accessories for $49/month.
FinSMEs
05/02/2015