Investors endorse new co-investment team with $9.5m Le Tote Series C fundraise —
Summary
Chrystal Capital’s newly launched co-investment team has introduced family office capital into a co-investment fundraise, alongside an asset manager, participating in the US $9.5 million Series C extension in Le Tote. This deal is Chrystal’s first co-investment transaction, enabling family offices and private investors direct access to alternative off market deal flow. For a monthly subscription, Le Tote provides a box of clothing and accessories for rent, with the option to purchase, from both renowned brands and the Le Tote private brand. The platform leverages artificial intelligence to understand and predict apparel that will appeal to the subscriber. The Le Tote team has already executed a number of significant partnerships with notable labels including Calvin Klein Jeans, Nike, Levi, Rebecca Minkoff, French Connection and many more.