Rothy's Revenue, Valuation, Funding & Investors
Rothy's is valued at $1B as of December 2021, a 4.7x multiple on its last reported $211M revenue.
Last Rothy's valuation
$1B
Strategic investment · Dec 2021
Last Rothy's funding round
$475M
Strategic investment · Dec 2021
Rothy's revenue
$211M
Strategic investment · Dec 2021
Key investors in Rothy's
Lightspeed Venture Partners
Goldman Sachs
M13
Finn Capital Partners
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Brian SpalyGrace Beauty Capital
About Rothy's
Rothy's is a San Francisco-based footwear and accessories brand that knits shoes, flats, loafers, and bags from recycled single-use plastic water bottles using a proprietary 3D knitting process in its Chinese factory. Launched in 2016, the company repurposes plastic into washable, stylish products sold directly online and in stores across the United States, Europe, and Asia.
Founded
2012
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$211M (Dec 2021)
Valuation
$1B (Dec 2021)
Rothy's Valuation
Rothy's is currently valued at $1B, based on its strategic investment round in December 2021.
The $475M round was led by Alpargatas.
Rothy's valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2021 | Strategic investment | $1B | 4.7x |
Rothy's Revenue
Rothy's' latest recorded revenue is $211M, as of its strategic investment round in December 2021. At a $1B valuation, that implies a 4.7x revenue multiple.
Rothy's revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2021 | $211M | $1B | 4.7x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Rothy's Funding History
Rothy's has raised a total of $484M across 3 funding rounds, plus 1 secondary share sale.
Rothy's' first fundraising round was a $2M seed round in December 2016. The most recent completed round was a $475M strategic investment round in December 2021.
Rothy's funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Strategic investment | Alpargatas (lead) | $475M | $1B | Rothy's, a San Francisco-based eco-conscious fashion tech brand, specializes in sustainable, machine-washable shoes and bags made from recycled materials, produced in a 300,000-square-foot facility in Dongguan, China. On December 20, 2021, it raised $200 million in a Series C round led by Alpargatas, the Brazilian footwear giant behind Havaianas, as the primary investment in a two-step transaction. This valued the company at a post-money $1 billion, achieving unicorn status, with total funding reaching $242 million including $42 million from prior seed to Series B rounds by investors like Goldman Sachs Investment Partners and HDS Capital. The deal structure includes Alpargatas acquiring approximately $275 million in shares from existing stockholders in the second step, resulting in Alpargatas owning 49.9% of Rothy's, with a call option for additional shares within one to four years. Rothy's co-founders Stephen Hawthornthwaite and Roth Martin retained significant equity stakes and continued leading operations, while Alpargatas placed board members including CEO Roberto Funari and Stacey Brown on the expanded nine-seat board. Other investors like Lightspeed Ventures maintained meaningful positions. Funds were allocated to accelerate global expansion into Asia, Europe, and Brazil, enhance retail presence, boost factory operations, invest in sustainable material technologies, develop proprietary 3D knitting processes, and pursue circular production by 2023. At the time, Rothy's employed 193 people and aimed to leverage Alpargatas' scale for North American relevance and worldwide growth through new retail and e-commerce channels. |
| Dec 2018 | Secondary | Goldman Sachs (lead) | $35M | - | Rothy's is a San Francisco-based women's footwear brand that produces stylish, comfortable, machine-washable shoes made from recycled materials, including water bottles, using a proprietary 3D knitting process and owning its supply chain, including a factory in China. On December 17, 2018, Goldman Sachs Investment Partners invested $35 million in the company, described as a secondary investment, bringing total funding to around $42-44 million including prior rounds from Lightspeed Venture Partners ($5 million) and convertible notes ($2 million). The company had sold over 1 million pairs of shoes in 2018 year-to-date, generating more than $140 million in revenue, with expectations of slightly more than that for the full year. Rothy's operated direct-to-consumer, employed roughly 500 people, and targeted the $370 billion global footwear market amid rising demand for sustainable products. |
| Aug 2017 | Series A | Lightspeed Venture Partners (lead); HDS Capital | $7M | - | Rothy's is a direct-to-consumer footwear company founded in 2016 that designs shoes made from recycled single-use plastic using a three-dimensional knitting process. The company focuses on creating sustainable everyday wear with an emphasis on zero-waste manufacturing. In August 2017, Rothy's raised $7 million in Series A funding from Lightspeed Venture Partners, along with earlier convertible note funding from investors including Finn Capital Partners, M13, and Grace Beauty Capital. The earliest documented valuation for Rothy's is $1 billion, which was established in December 2021 when the company raised $200 million in corporate minority funding. By that later date, the company had achieved significant market traction with its flagship Point shoe design, which went on to sell over two million units and was later reintroduced with updates based on customer feedback. |
| Dec 2016 | Seed | Finn Capital Partners; Grace Beauty Capital; M13; Brian Spaly | $2M | - | - |
Who has invested in Rothy's?
8 investors have backed Rothy's across its funding rounds, including Lightspeed Venture Partners, Goldman Sachs, M13, Finn Capital Partners, Brian Spaly and Grace Beauty Capital.
Lead investors include Alpargatas, Goldman Sachs and Lightspeed Venture Partners.
Rothy's Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 1 | Participant | Dec 2016 | |
| New York City, NY | 1 | Participant | Dec 2016 | |
 Buenos Aires | 1 | Lead | Dec 2021 | |
| Los Angeles, CA | 1 | Participant | Dec 2016 | |
| New York City, NY | 1 | Lead | Dec 2018 | |
| San Francisco, CA | 1 | Lead | Aug 2017 | |
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Start Free TrialRothy's Competitors
Rothy's competitors include listed companies like Bxn Holding and Hepsiburada, and private ones like Gymshark, ZALORA, Rue Gilt Groupe and GIVA.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $771M | $100M | $836M | 0.8x | |
 Birmingham | Private | $343M | - | $1.3B | 3.9x | |
 Singapore | Private | - | - | $697M | - | |
| Boston, MA | Private | - | - | $560M | - | |
 Bangalore | Private | $87M | - | $423M | 4.9x | |
 Turkey | Publicly listed | $1.7B | ($51M) | $957M | 0.3x |
Rothy's Public Comps
Rothy's is still privately-owned, but its public comps include Moonpig Group, Vivara, Hepsiburada, Aditya Birla Lifestyle, Jumia Technologies AG, Truworths, Beijing Kingee Culture, Carter's, Reformation and JINS Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $501M | $140M | 2.3x | 2.3x | 8.2x | 8.2x | |||
| $523M | $174M | 2.3x | 1.9x | 6.9x | 7.0x | |||
| $1.7B | ($51M) | 0.5x | 0.3x | (15.8x) | 28.7x | |||
| $870M | $138M | 1.5x | 1.5x | 9.8x | 9.2x | |||
| $189M | ($51M) | 4.8x | 4.2x | (17.8x) | (26.4x) | |||
| $1.3B | $265M | 0.9x | 0.9x | 4.5x | 3.5x | |||
| $131M | $15M | 7.2x | - | 62.4x | - | |||
| $2.9B | $203M | 0.6x | 0.5x | 8.0x | 6.7x | |||
This data is available for Pro users. Sign up to see all Rothy's competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Rothy's
| When was Rothy's founded? | Rothy's was founded in 2012. |
| Where is Rothy's headquartered? | Rothy's is headquartered in San Francisco, CA, United States. |
| Is Rothy's publicly listed? | No, Rothy's is a private, VC-backed company. |
| What is Rothy's' valuation? | Rothy's was last valued at $1B in its strategic investment round in December 2021. |
| How much funding has Rothy's raised? | Rothy's has raised $484M across 3 funding rounds. |
| What was Rothy's' last funding round? | Rothy's' last funding round was a $475M strategic investment round in December 2021, led by Alpargatas. |
| Who are Rothy's' investors? | Rothy's' investors include Finn Capital Partners, Grace Beauty Capital, Alpargatas, M13, Goldman Sachs, Lightspeed Venture Partners, HDS Capital and Brian Spaly. |
| What is Rothy's' revenue? | Rothy's' latest recorded revenue is $211M (December 2021). |
| What is Rothy's' revenue multiple? | Rothy's' latest valuation implies a 4.7x revenue multiple ($1B valuation on $211M of revenue). |
| Which companies are comparable to Rothy's? | Companies comparable to Rothy's include Bxn Holding, Gymshark, ZALORA, Rue Gilt Groupe, GIVA and Hepsiburada. |
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