- Companies
- Queenly
Queenly Valuation, Funding & Investors
Queenly is valued at $650M as of July 2021.
Last Queenly valuation
$650M
Seed · Jul 2021
Last Queenly funding round
$6M
Seed · Jul 2021
Cumulative funding Queenly raised
$9M
across 3 funding rounds
Key investors in Queenly
Y Combinator
Andreessen Horowitz
Alumni Ventures
NextView Ventures
Rebel Fund
Amino Capital
About Queenly
Queenly is a San Francisco-headquartered marketplace for renting and buying formal dresses, surpassing Macy's inventory since its 2021 Y Combinator launch. Backed by $8.5 million from Andreessen Horowitz, it serves prom, quinceañera, pageant, and wedding markets with authenticated listings and AI size recommendations. The platform handles 100,000 dresses nationwide.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$650M (Jul 2021)
Queenly Valuation
Queenly is currently valued at $650M, based on its seed round in July 2021.
The $6M round was led by Andreessen Horowitz.
Queenly valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Seed | $650M |
Queenly Funding History
Queenly has raised a total of $9M across 3 funding rounds.
Queenly's first fundraising round was a $800K pre-seed round in October 2019. The most recent completed round was a $6M seed round in July 2021.
Queenly funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Seed | Andreessen Horowitz (lead) | $6M | $650M | Queenly operates a marketplace and search engine for the formalwear industry, leveraging proprietary machine learning and computer vision technology to disrupt the $15 billion North American market. The female-founded company, led by cofounders Trisha Bantigue and Kathy Zhou, provides a personalized resale marketplace, small-business sales tools, and data analytics for formalwear like prom and pageant dresses. On July 23, 2021, Queenly raised $6.3 million in a funding round led by Andreessen Horowitz, bringing total funding to $7.1 million. The round valued the company at around $650 million and included prior investors such as Y Combinator, The House Fund, Interlace Ventures, Dragon Capital, NextView Ventures, MyAsiaVC, and Shakti Venture Capital, plus notable angels including former Uber CTO Thuan Pham and Fitbit CEO James Park. Proceeds will expand the team, scale operations, and enhance engineering features amid post-pandemic demand. At the time, Queenly had grown to over 125,000 users and 60,000 unique dresses listed, with total inventory value of $15 million. The platform had previously achieved half a million in sales during the pandemic through virtual events and secured a partnership with Miss USA. The funding supports aggressive innovation to bring all formalwear categories online. |
| Mar 2021 | Seed | Dragon Capital (lead); Amino Capital; SHAKTI; Rebel Fund; James Park; Y Combinator; Harvard Management Company; NextView Ventures; Interlace Ventures; Alumni Ventures; Austen Allred; Eric Kwan | $2M | - | - |
| Oct 2019 | Pre-seed | The House Fund (lead); Robert Hess; Jason Wang; Thuan Pham; Jared Schrieber; Corey Goodman; Shayna Modarresi; Shawn Tsao; Daniel Ha; Manik Gupta; Jon Brelig | $800K | - | - |
Who has invested in Queenly?
24 investors have backed Queenly across its funding rounds, including Y Combinator, Andreessen Horowitz, Alumni Ventures, NextView Ventures, Rebel Fund and Amino Capital.
Lead investors include Andreessen Horowitz, Dragon Capital and The House Fund.
Queenly Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 24 Queenly investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Queenly
Queenly has acquired 1 company to date.
Last acquisition by Queenly was on June 30th 2022. Queenly acquired Mi Padrino for undisclosed valuation.
Latest Acquisitions by Queenly
| Description | Mi Padrino is a US-based event planning platform for Hispanic traditions including Quinceañeras, weddings, and baptisms. The service facilitates organization, global sharing of details, and crowdfunding from family networks. Founded by CEO Kim Gamez, it streamlines coordination for dispersed communities, offering tools for invitations, RSVPs, and vendor management via web and mobile. |
| HQ Country | |
| HQ City | Ann Arbor, MI |
| Deal Date | 30 Jun 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Queenly acquisitions and their M&A valuation multiples. Start Free Trial | |
Queenly Competitors
Queenly competitors include listed companies like DIP, Hemnet and Cars.com, and private ones like Otrium, Passage and Raise.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Private | - | - | $657M | - | ||
| Private | - | - | $675M | - | ||
| Publicly listed | $353M | $85M | $623M | 1.5x | ||
| Publicly listed | $156M | $78M | $685M | 5.2x | ||
| Publicly listed | $723M | $157M | $608M | 1.4x |
Queenly Public Comps
Queenly is still privately-owned, but its public comps include Grendene, Aditya Birla Fashion, Campus Activewear, DIP, Raymond, Redtape, Hemnet, Guararapes, Cars.com and Mavi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $466M | $152M | 1.2x | - | 3.8x | - | |||
| $849M | ($4M) | 1.4x | 1.3x | (292.2x) | 15.4x | |||
| $185M | $31M | 3.7x | 3.5x | 21.8x | 21.1x | |||
| $353M | $85M | 1.5x | 1.5x | 6.1x | 7.4x | |||
| $221M | $8M | 3.4x | 2.8x | 91.0x | 22.1x | |||
| $252M | $50M | 3.0x | - | 15.1x | - | |||
| $156M | $78M | 4.8x | 5.2x | 9.6x | 11.1x | |||
| $2B | $600M | 0.6x | 0.6x | 2.0x | 3.2x | |||
This data is available for Pro users. Sign up to see all Queenly competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Queenly
| When was Queenly founded? | Queenly was founded in 2019. |
| Where is Queenly headquartered? | Queenly is headquartered in San Francisco, CA, United States. |
| Is Queenly publicly listed? | No, Queenly is a private, VC-backed company. |
| What is Queenly's valuation? | Queenly was last valued at $650M in its seed round in July 2021. |
| How much funding has Queenly raised? | Queenly has raised $9M across 3 funding rounds. |
| What was Queenly's last funding round? | Queenly's last funding round was a $6M seed round in July 2021, led by Andreessen Horowitz. |
| Who are Queenly's investors? | Queenly's investors include Amino Capital, SHAKTI, Robert Hess, Rebel Fund, James Park, Y Combinator, Harvard Management Company, NextView Ventures, Jason Wang, The House Fund and 14 others. |
| Which companies are comparable to Queenly? | Companies comparable to Queenly include Otrium, Passage, Raise, DIP, Hemnet and Cars.com. |
| How many companies has Queenly acquired? | Queenly has acquired 1 company, including Mi Padrino. |
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