Total amount raised
$1.2 Million
Latest funding date
March, 2013
Location
Everlane has successfully raised funds through multiple rounds, with notable investors such as Gordon Brothers and L Catterton backing the company. The latest funding round, a Debt Financing round, took place on November 29, 2022.
Keep reading to explore the intricacies of Everlane's fundraising journey and the investors supporting this innovative e-commerce platform.
What Is Everlane?
Everlane, founded in 2010 by Jesse Farmer and Michael Preysman, is a San Francisco-based company specializing in designing and manufacturing clothing and footwear for men and women.
The company operates an online e-commerce platform, offering a wide range of products directly to consumers. Everlane is known for its commitment to transparency and ethical production practices.
With a team of 101-250 employees, Everlane continues to grow and innovate in the fashion industry, maintaining a strong presence in the market.
How Much Funding Has Everlane Raised?
- Seed Round
- Amount Raised: $1.1M
- Date: April 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and product development.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and scale the business.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: April 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for growth.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the e-commerce platform.
- Product Crowdfunding
- Amount Raised: $100K
- Date: March 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the production of a new product line.
- Series D
- Amount Raised: Not publicly disclosed
- Date: May 2016
- Lead Investors: Light Street Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series F
- Amount Raised: $85M
- Date: September 2020
- Lead Investors: L Catterton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and scale operations.
- Debt Financing
- Amount Raised: $65M
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and support ongoing operations.
- Debt Financing
- Amount Raised: $25M
- Date: November 2022
- Lead Investors: Gordon Brothers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth initiatives.
Total Amount Raised: $176.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Gordon Brothers
- Details: Gordon Brothers is an investment firm that specializes in lending against and investing in various asset classes. The firm is based in Boston and operates globally with over 30 offices across five continents.
- Investment Focus Areas: Brands, real estate, inventory, receivables, machinery, equipment.
- Notable Investments: Not publicly disclosed.
- L Catterton
- Details: L Catterton is a private equity firm known for its investments in consumer brands. The firm has a global presence and a strong track record in the retail sector.
- Investment Focus Areas: Consumer brands, retail, health and wellness.
- Notable Investments: Not publicly disclosed.
- Light Street Capital
- Details: Light Street Capital is an investment firm that focuses on technology and media sectors. The firm is known for its strategic investments in high-growth companies.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Not publicly disclosed.
What's Next for Everlane?
With a $25 million loan from Gordon Brothers, Everlane is poised to capitalize on significant growth opportunities. This infusion of capital will enable the company to expand its market presence and enhance its product offerings, aligning with industry trends favoring multi-asset lending and investment in retail.
Future fundraising opportunities appear promising, as the successful loan positions Everlane well for additional investments. However, challenges such as managing increased debt and navigating a competitive market remain. Effective utilization of the loan will be crucial for sustaining growth and achieving long-term success.
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