Fundraising Fox

Le Tote

DefunctYC S13500 Global

San Francisco, US · Founded 2012 · Delaware corporation · 201 employees · 6 known investors

Le Tote offers a subscription service that allows women to rent clothing and accessories on demand, using algorithms and customer data to personalize recommendations. The company operates across the United States and China, with its own logistics and fulfillment infrastructure.

ConsumerDirect to ConsumerFashionUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S13)

Le Tote was founded in 2012 by Rakesh Tondon and Brett Northart.

RTRakesh Tondon
Rakesh TondoninFounder/CEO
BNBrett Northart
Brett Northartin𝕏Co-Founder & PresidentBrett Northart founded Le Tote, an e-commerce rental platform that grew to over 500 employees and raised more than $350 million in venture and private equity funding. The company was part of Y Combinator's Summer 2013 cohort.

Board

MKMike Kwatinetz
Mike KwatinetzinBoard directorGeneral Partner at Azure Capital Partners
DA
David AtchisonBoard director

Investors · 6

500 GlobalSan Francisco · $150K
EPIC VENTURESSalt Lake City
FundersClubSan Francisco · $250K – $5M
Y CombinatorSan Francisco · $500K
Andreessen HorowitzreportedMenlo Park · $500K – $50M
Azure Capital Partnersreported · 2 sourcesSan Francisco · $250K – $10Mvia Mike Kwatinetz · board

Reported raises · per SEC filings

Form D private placements

$12.6M disclosed across 1 round · 2015

▶$12.6MraisedSep 2015 · 18 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David AtchisonDirector
  • Rakesh TondonExecutive Officer, Director
  • Brett NorthartExecutive Officer, Director
  • Mike KwatinetzDirector
Offering amount
$15M
Amount sold
$12.6M
First sale
Aug 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Inside Le Tote’s $100 million bet to rebuild Lord & Taylor | Voguevogue.com · Nov 2019Fashion Rental Service Le Tote Raises $15 Million to Jazz Up Your Closet | Inc.cominc.com · Nov 2015Meet Le Tote, The Netflix-Style Clothing Service That Just Raised $15 Million | Fortunefortune.com · Nov 2015Le Tote Raises $8M to Expandwwd.com · Feb 2015Le Tote Raises $8.8M in Series A funding - FinSMEsfinsmes.com · Feb 2015

Frequently asked questions

What does Le Tote do?
Le Tote offers a subscription service that allows women to rent clothing and accessories on demand, using algorithms and customer data to personalize recommendations. The company operates across the United States and China, with its own logistics and fulfillment infrastructure.
Who founded Le Tote?
Le Tote was founded by Rakesh Tondon, Brett Northart in 2012.
Who are Le Tote's investors?
Le Tote's investors include 500 Global, EPIC VENTURES, FundersClub, Y Combinator, Andreessen Horowitz, Azure Capital Partners.
How much funding has Le Tote raised?
Le Tote has disclosed $12.6M raised across 1 round.
Where is Le Tote headquartered?
Le Tote is headquartered in San Francisco, US.