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Le Tote

Le Tote

Le Tote is a company providing an online fashion subscription service. It delivers rental fashion directly to clients' doors.

Le Tote is a clothing rental platform for women. The company was founded in 2012 by Brett Northart and Rakesh Tondon. Le Tote is headquartered in San Francisco, California, United States. The company participated in the YC S13 cohort of Y Combinator.



Service

Le Tote offers its customers the ability to rent a number of fashion items, both clothing, and accessories. These items are sent to the customers by mail, according to the items choices that they have decided on beforehand. Le Tote operates on a subscription model paid per month, where each customer has the ability to receive at minimum, one mail package of clothing each month – called a tote. Le Tote also provides maternity clothes, with different prices. Customers are able to purchase items that they rented at discounted prices. Clothes are returned to Le Tote by mail each month before a new tote is sent to the customer.



Funding

Since 2013, Le Tote has received capital from five funding rounds, with its most recent being a Series C. This round was held on November 2017. Through these rounds, Le Tote has amassed $62.5 million in funds. Past investors who have financed Le Tote were Sway Ventures, Azure Capital Partners, Daniel Curran, and FundersClub.

Timeline

August 28, 2019

Le Tote to acquire Lord & Taylor

People

Name
Role
LinkedIn

Abuzar Amini

Founder



Aimee Escobar

Employee



Alena Le Blanc

Employee



Alex Masoud

Employee



Allison Hughes

Employee



Anand Swaminathan

Investor



Andrew Vy

Employee



Anthony Saleh

Investor



Ash Hogan

Employee



Ayanna Alleyne

Employee



Ben Lerer

Investor



Ben Uchimura

Employee



Bill Malloy

Board member



Bitta Sharma

Attorney



Boris Silver

Investor



Brett Northart

Founder



Brian C. Patterson

Attorney



Briana Okyere

Employee



Brion Lau

Investor



Bryn Newman

Employee



Carly Olson

Employee



Charles Smith

Investor



Charlie Bowman

Employee



Chee Keong Ng

Investor



Chelsea LaSalle

Employee



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