Google-backed fashion rental service Le Tote has closed a series A round featuring property group Simon that took its overall funding to $12.5m.
US-based clothing rental service Le Tote secured $8.8m today in a series A round featuring Simon Venture Group, the corporate venturing arm of retail real estate company Simon Property Group.
Venture capital firm Azure Capital Partners led the round, which included Lerer Hippeau Ventures, AITV, Epic Ventures, Arsenal Venture Partners, Funders Club and angel investors Geoff Ralston, Justin Kan and Joanne Wilson.
Founded in 2012, Le Tote runs an online subscription-based service through which women can borrow high-fashion clothing.
The…
