Le Tote Overview
- Year Founded
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2012
- Status
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Acquired/Merged
- Employees
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651
- Latest Deal Type
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M&A
Le Tote General Information
Description
Operator of an online clothing rental platform based in New York. The company focuses on replicating the offline behavior of swapping and sharing clothes and fashion rental services offering boutique style apparel and accessories and it has the next generation of retail by taking an analytical, data-driven and customer-first approach, available in the United States, enabling consumers to borrow clothing and accessories through an online portal.
Contact Information
Website
www.letote.comCorporate Office
- 250 Vesey Street, 22nd Floor
- Suite 225
- New York, NY 10281
- United States
Corporate Office
- 250 Vesey Street, 22nd Floor
- Suite 225
- New York, NY 10281
- United States
Le Tote Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 16. Merger/Acquisition | 01-Oct-2020 | Completed | Generating Revenue/Not Profitable | |||
| 15. Bankruptcy: Admin/Reorg | 02-Aug-2020 | Completed | Bankruptcy: Admin/Reorg | |||
| 14. Debt - General | 06-Jan-2020 | Completed | Generating Revenue | |||
| 13. Later Stage VC (Series C1) | 08-Nov-2019 | Completed | Generating Revenue | |||
| 12. Secondary Transaction - Private | 08-Nov-2019 | Completed | Generating Revenue | |||
| 11. Debt - General | 08-Nov-2019 | Completed | Generating Revenue | |||
| 10. Debt - General | 09-Apr-2019 | Completed | Generating Revenue | |||
| 9. Debt Repayment | 01-Mar-2018 | Completed | Generating Revenue | |||
| 8. Debt - General | 01-Jan-2018 | $12M | $88.7M | Completed | Generating Revenue | |
| 7. Later Stage VC (Series C) | 02-Nov-2017 | $15.4M | $76.7M | Completed | Generating Revenue |
Le Tote Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C-1 | ||||||||
| Series C | ||||||||
| Series B | 10,000,000 | $0.000100 | $0.19 | $2.41 | $2.41 | 1x | $2.41 | 10.01% |
| Series AA | 15,000,000 | $0.000100 | $0.06 | $1.02 | $1.02 | 1x | $1.02 | 15.02% |
Le Tote Comparisons
Industry
Financing
Details
Le Tote Competitors (10)
One of Le Tote’s 10 competitors is Neiman Marcus Group, a Pending Transaction (M&A) company based in Dallas, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Neiman Marcus Group | Pending Transaction (M&A) | Dallas, TX | ||||
| Stitch Fix | Formerly VC-backed | San Francisco, CA | ||||
| Rent The Runway | Formerly VC-backed | New York, NY | ||||
| Everlane | Venture Capital-Backed | San Francisco, CA | ||||
| Frank And Oak | Venture Capital-Backed | Montreal, Canada |
Le Tote Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Le Tote Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Le Tote Former Investors (43)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 500 Global | Accelerator/Incubator | Minority | ||
| ACME Capital | Venture Capital | Minority | ||
| Andreessen Horowitz | Venture Capital | Minority | ||
| Anthony Saleh | Angel (individual) | Minority | ||
| Arsenal Growth | Growth/Expansion | Minority |
Le Tote Acquisitions (2)
Le Tote’s most recent deal was a Merger/Acquisition with Lord & Taylor for . The deal was made on 08-Nov-2019.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Lord & Taylor | 08-Nov-2019 | Merger/Acquisition | Department Stores | ||
| Threadflip | 12-Jan-2016 | Merger/Acquisition | Specialty Retail |
Le Tote FAQs
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When was Le Tote founded?
Le Tote was founded in 2012.
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Where is Le Tote headquartered?
Le Tote is headquartered in New York, NY.
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What is the size of Le Tote?
Le Tote has 651 total employees.
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What industry is Le Tote in?
Le Tote’s primary industry is Internet Retail.
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Is Le Tote a private or public company?
Le Tote is a Private company.
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What is Le Tote’s current revenue?
The current revenue for Le Tote is .
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How much funding has Le Tote raised over time?
Le Tote has raised $553M.
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Who are Le Tote’s investors?
500 Global, ACME Capital, Andreessen Horowitz, Anthony Saleh, and Arsenal Growth are 5 of 43 investors who have invested in Le Tote.
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Who are Le Tote’s competitors?
Neiman Marcus Group, Stitch Fix, Rent The Runway, Everlane, and Frank And Oak are some of the 10 competitors of Le Tote.
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When was Le Tote acquired?
Le Tote was acquired on 01-Oct-2020.
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Who acquired Le Tote?
Le Tote was acquired by Saadia Group.
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