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Avelle

Founded in 2005, Avelle is a fashion accessories e-retailer that distributes a range of products, such as handbags, jewelry, sunglesses, and watches. Avelle operates what was formerly known as BagBorrowOrSteal.com and specializes in watching trends and allows users to rent their accessories from Avelle for a weekly price instead of buying a piece outright for what is often thousands of dollars. Avelle has reportedly raised more than $26 million from Steelpoint Capital Partners and Madrona Venture Group. more

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Company Overview

Founded in 2005, Avelle is a fashion accessories e-retailer that distributes a range of products, such as handbags, jewelry, sunglesses, and watches. Avelle operates what was formerly known as BagBorrowOrSteal.com and specializes in watching trends and allows users to rent their accessories from Avelle for a weekly price instead of buying a piece outright for what is often thousands of dollars.

Avelle has reportedly raised more than $26 million from Steelpoint Capital Partners and Madrona Venture Group.

  • CEO:
    Michael J. Smith
  • HQ:

    Seattle, WA

  • Capital Raised:

    $26.75M

Financings

    Round 4

    Series: C
    Type: Later Stage - 3rd
    Date: May-2007
    Stock: Preferred
    Total Investment: $15,000,000.00
    Investors:
    • Madrona Venture Group
    • Steelpoint Capital Partners
    Funds:
    • Madrona Venture Fund III LP

    Round 3

    Series: B
    Type: Second Round
    Date: March-2006
    Stock: Preferred
    Total Investment: $8,250,000.00
    Investors:
    • Madrona Venture Group
    • Steelpoint Capital Partners
    Funds:
    • Madrona Venture Fund III LP

    Round 2

    Series: A
    Type: First Round
    Date: May-2005
    Stock: Preferred
    Total Investment: $3,000,000.00
    Investors:
    • Steelpoint Capital Partners

    Round 1

    Type: Seed Round
    Date: March-2005
    Stock: Common
    Total Investment: $500,000.00
    Investors:
    • Individual Investors

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