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Industries
Data & Analytics
Consumer Goods
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$121.3M
Headquarters
New York City, New York
Founded
2018
CaaStle offers a subscription service that allows consumers to access a wide variety of clothing styles each month, rather than buying clothes outright. This Clothing-as-a-Service (CaaS) model enables customers to enjoy an endless rotation of garments, which helps them stay engaged with fashion trends. CaaStle partners with retailers and apparel brands to create a steady revenue stream for them, as they earn money for every day a piece of clothing is rented out. This approach not only attracts new customers but also brings back those who may have stopped shopping. By using data to improve business performance, CaaStle helps brands increase customer loyalty and overall engagement. The goal of CaaStle is to transform the way people experience fashion by providing a more accessible and sustainable way to enjoy clothing.
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Total Funding
$121.3M
Above
Industry Average
Funded Over
2 Rounds
CaaStle obtains $2.75M bridge loan to fund operations and explore Chapter 11 bankruptcy as it faces a legal challenge over a contract dispute.
Prior to Flexport, Kumar was director of platform for CaaStle, Inc., director of product management for Aria Systems, director of product management and strategy for Huawei and senior product manager for Amdocs.
Vince, Express, and American Eagle have partnered with the identical third-party vendor, CaaStle, to implement its “clothing-as-a-service” mannequin.
CaaStle launches Modern Mom Style Box, the first clothing rental service designed exclusively for moms curated by Modern Mom Probs.
Womenswear brand Dress the Population has partnered with rental technology platform CaaStle to launch a new rental service.
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Industries
Data & Analytics
Consumer Goods
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$121.3M
Headquarters
New York City, New York
Founded
2018
Find jobs on Simplify and start your career today