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.
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.
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
People
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