Norwest-backed Threadflip has shut down and revealed a partnership with Le Tote, though neither company has disclosed whether the deal is a formal acquisition.
Threadflip, a US-based fashion marketplace backed by financial services firm Wells Fargo’s affiliate Norwest Venture Partners, has shut down and revealed it is partnering fashion subscription service Le Tote, according to Fortune.
Le Tote and Threadflip have not disclosed further details about the partnership or whether it constitutes an acquisition. Threadflip’s users have received a 60% discount code to join Le Tote’s service, which enables women to borrow new clothes on a rolling basis.
Threadflip operated a marketplace for female…
