The fashion subscription service has now raised more than $27m, closing a Simon Property-backed series B round less than a year after its series A.

Le Tote, the US-based operator of an on-demand fashion rental service, secured $15m yesterday in a series B round that included Simon Venture Group, property firm Simon’s corporate venturing arm.

The round, led by venture capital firm AITV, also included VC firms Lerer Hippeau Ventures, Azure Capital and Epic Ventures, and online investment marketplace Funders Club.

Founded in 2012, Le Tote provides a subscription service that allows customers to borrow unlimited clothing and accessories for a flat monthly fee, with…