Le Tote
FashionUSAClosed 2020
Total Raised
$100M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2020
Business model
Subscription clothing rental service, later acquired Lord & Taylor to combine online rental with physical retail.
In brief
A clothing rental subscription startup that made a bold, unusual bet by acquiring the 193-year-old department store chain Lord & Taylor in 2019, aiming to combine e-commerce rental technology with legacy physical retail. The acquisition instead saddled the smaller startup with th…
See the What Happened tab for the full account.
Key facts
- Founded
- 2012
- Closed
- 2020
- Headquarters
- San Francisco, USA
- Industry
- Fashion
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Rakesh Tondon, Christine Hunsicker
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Often compared with: Rent the Runway, Nuuly.