Curtsy, an online marketplace for renting designer clothing and accessories, recently announced the closing of its 11M Series with investments from venture firms like Perez Partners and TechCrunch. The financing will be used to expand its product offerings, launch in new cities and increase its presence in existing markets. With this latest round of financing, Curtsy is now valued at over $85 million.
Curtsy is a platform that curates rental styles from top fashion brands such as Gucci, Prada, Chanel and Versace. It has become an increasingly popular way to access designer fashion without incurring high costs or disposing clothes after just one wear. Currently operating in six cities across the US – Atlanta, Los Angeles, Nashville, San Francisco, Chicago, and New York – Curtsy enables users to rent designer clothing for a fraction of the retail price.
The 11M Series financing will enable Curtsy to expand its platform capabilities and curate more exclusive styles from up-and-coming designers. With this additional funding, it is looking to launch in more cities across the US, as well as increase its presence in existing markets. This investment also shines a light on the growing demand for rental fashion platforms amongst consumers who seek stylish options without the high cost or commitment that comes with ownership.
As venture capitalists recognize the potential of this new industry, Curtsy has set itself apart by curating top fashion brands at an affordable price point. As it continues to grow, Curtsy aims to make designer fashion more accessible for all.
With this 11M Series funding, Curtsy is well-positioned to take the lead in the emerging rental fashion industry. As it moves forward with its expansion plans, Curtsy looks to continue providing a convenient and affordable way for customers to access high-end fashion.
The curtsy 11m series venturespereztechcrunch has demonstrated that curating top fashion brands at an affordable price point is a viable business model within the rental fashion industry. By further investing in its platform capabilities, expanding into new cities, and increasing its presence in existing markets, curtsy is looking to become the leading player in this emerging market. With this latest round of financing and its now valuation at $85 million, curtsy is well-positioned to take the lead in the rental fashion industry.
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