Queenly, a San Francisco, CA-based marketplace and search engine for the formalwear industry, raised $6.3m in funding.
The round, which brought total funding to date to $7.1m, was led by Andreessen Horowitz.
The company intends to use the funds to grow the team to keep up with industry demand and scale out their operations and engineering features.
Founded in 2019 by Trisha Bantigue and Kathy Zhou, Queenly is a marketplace and search engine for the formalwear industry, which combines a personalized, resale marketplace experience with small-business sales and data analytic tools.
The company’s proprietary ML-driven search engine and computer vision technology was built in-house by Zhou, who also engineered and launched the company’s iOS, Android, and website. Queenly currently has over 125,000 users, 60,000+ unique dresses listed on their platform, and a total inventory value of $15 million.
To date, the company has raised $7.1m in funding from Y Combinator, The House Fund, Interlace Ventures, Dragon Capital, NextView Ventures, MyAsiaVC and Shakti Venture Capital, as well as the former CTO of Uber, Thuan Pham, CPO of Uber, Manik Gupta, CEO of Lambda School, Austen Allred, CEO & cofounder of Mercari, Ryo Ishizuka, CEO of FitBit, James Park, CMO & cofounder of ScentBird, Rachel ten Brink, and the cofounders of Caviar, Jason Wang, Shawn Tsao, and Andy Zhang.
FinSMEs
26/07/2021