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

Queenly Overview

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

United StatesSan Francisco, CA

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

Queenly valuation by funding round
DateStageValuation
Jul 2021Seed$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

Queenly funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2021SeedAndreessen Horowitz (lead)$6M$650MQueenly 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 2021SeedDragon 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 2019Pre-seedThe 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

Investors in Queenly by funding rounds participated
InvestorHQRoundsRoleFirst check
Amino CapitalUnited StatesUnited States1ParticipantMar 2021
SHAKTIUnited StatesSan Francisco, CA1ParticipantMar 2021
Robert HessUnited StatesSan Francisco, CA1ParticipantOct 2019
Rebel FundUnited StatesLos Angeles, CA1ParticipantMar 2021
James ParkUnited StatesSan Francisco, CA1ParticipantMar 2021
Y CombinatorUnited StatesSan Francisco, CA1ParticipantMar 2021
Harvard Management CompanyUnited StatesBoston, MA1ParticipantMar 2021
NextView VenturesUnited StatesUnited States1ParticipantMar 2021
Jason WangUnited StatesSeattle, WA1ParticipantOct 2019
The House FundUnited StatesSan Francisco, CA1LeadOct 2019
Thuan PhamUnited StatesSan Francisco, CA1ParticipantOct 2019
Jared SchrieberHungaryBudapest1ParticipantOct 2019
Interlace VenturesUnited StatesSan Francisco, CA1ParticipantMar 2021

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Acquisitions 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

Mi Padrino
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 CountryUnited States
HQ City
Ann Arbor, MI
Deal Date30 Jun 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Queenly Competitors

Queenly competitors include listed companies like DIP, Hemnet and Cars.com, and private ones like Otrium, Passage and Raise.

Public and private companies comparable to Queenly
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OtriumNetherlandsAmsterdamPrivate--$900M-
PassageCanadaTorontoPrivate--$657M-
RaiseUnited StatesChicago, ILPrivate--$675M-
DIPJapanJapanPublicly listed$353M$85M$623M1.5x
HemnetSwedenSwedenPublicly listed$156M$78M$685M5.2x
Cars.comUnited StatesUnited StatesPublicly listed$723M$157M$608M1.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Grendene$466M$152M1.2x-3.8x-
Aditya Birla Fashion$849M($4M)1.4x1.3x(292.2x)15.4x
Campus Activewear$185M$31M3.7x3.5x21.8x21.1x
DIP$353M$85M1.5x1.5x6.1x7.4x
Raymond$221M$8M3.4x2.8x91.0x22.1x
Redtape$252M$50M3.0x-15.1x-
Hemnet$156M$78M4.8x5.2x9.6x11.1x
Guararapes$2B$600M0.6x0.6x2.0x3.2x

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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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