/Companies

Le Tote

DefunctYC S13500 Global

San Francisco, US · Founded 2012 · Delaware corporation · 201 employees · 17 known investors

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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 TondonPresident, Le ToteRakesh Tondon is the founder and CEO of Le Tote, a clothing rental subscription platform operating in the United States and China. He previously co-founded and led Dr. Treat, an AI-driven veterinary platform, and earlier worked in investment banking at J.P. Morgan and Ridgecrest.
BNBrett Northart
Brett NorthartPresidentBrett 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.
HR
Hina RehmaniHead Buyer
CBColin Barceloux
Colin BarcelouxAdvisor2010–2019Founder at Techmate

Board

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

Investors · 17

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us

ACME CapitalreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Andreessen HorowitzreportedMenlo Park · $500K – $50M

How we know: funding news · Y Combinator's founder network · Not right? Tell us

Crystal Towers CapitalreportedMountain View

How we know: Y Combinator's founder network · Not right? Tell us

Max VenturesreportedNew York · $1M – $1.5M

How we know: Y Combinator's founder network · Not right? Tell us

Sam Altmanreported

How we know: Y Combinator's founder network · Not right? Tell us

Scrum VenturesreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Sway VenturesreportedNewport Beach

How we know: Y Combinator's founder network · Not right? Tell us

Venture Investment AssociatesreportedPeapack

How we know: Y Combinator's founder network · Not right? Tell us

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.

Founder mafia

2 people who came through Le Tote went on to found or lead other companies.

Related companies · 4

Companies working in the same space as Le Tote.

Legal entities · 1

corporate structure
Le Tote, Inc.

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, Gotham Gal Ventures, Lerer Hippeau, Y Combinator, ACME Capital, Andreessen Horowitz and 9 more.
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.