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YCloset
company
About
YCloset was a women clothing rental platform.
- 101 - 250
Highlights
Details
- Last Funding Type
- Corporate Round
- Industries
- Apps,Fashion,Rental,Shopping,Women's
- Founded date
- Jan 1, 2015
- Number Of Employee
- 101 - 250
- Operating Status
- Close
At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firm announced that it would close down its operations by August 15, 2021.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
3
$70M
YCloset has raised a total of
$70M
in funding over 2 rounds. Their latest funding was raised on
Sep 7, 2018 from a Corporate Round round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 7, 2018 | Corporate Round | — | 1 |
Alibaba Group
|
— | Detail |
| Sep 6, 2017 | Series C | $50M | 1 | — | — | Detail |
| Mar 21, 2017 | Series B | $20M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
1
2
YCloset is funded by 2 investors.
Alibaba Group
and Zhizhuo Capital
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Alibaba Group
|
Yes | Corporate Round |
Zhizhuo Capital
|
— | Series C |
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