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Vivrelle

Vivrelle

Membership service for luxury fashion rentals

About

Vivrelle provides a membership service for borrowing high-end designer handbags and jewelry, catering to fashion-conscious women who want luxury accessories without the commitment of purchase. Members can choose from four subscription tiers, allowing them to borrow items for as long as they like, swap them out, or purchase them if desired. What makes Vivrelle unique is the inclusion of unlimited stylist appointments, enhancing the customer experience. The company's goal is to offer a flexible and sustainable alternative to traditional ownership in the luxury fashion market.

Company Stage

Series B

Employees

11-50

Industries

Consumer Software, Consumer Goods

Total Funding

$69M

Headquarters

N/A

Founded

2018


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Simplify's Take

What believers are saying

  • Vivrelle's recent $35M Series B funding round, with participation from high-profile celebrities, indicates strong investor confidence and potential for accelerated growth.
  • The company's 600% revenue increase since its Series A round demonstrates robust business performance and market demand.
  • Partnerships with well-known retailers like Shopbop expand Vivrelle's reach and accessibility, potentially attracting a broader customer base.

What critics are saying

  • The aspirational shopper's shift towards travel and experiences could reduce demand for luxury fashion rentals.
  • Economic factors like inflation may impact consumers' willingness to spend on luxury memberships.

What makes Vivrelle unique

  • Vivrelle's membership-based model offers a unique alternative to traditional luxury ownership, allowing members to borrow high-end designer items, unlike competitors who focus on outright sales.
  • The company enhances customer experience with unlimited stylist appointments, a feature not commonly offered by other luxury rental services.
  • Strategic partnerships with brands like Shopbop and celebrity endorsements further distinguish Vivrelle in the luxury fashion market.

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Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

33%

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