Everlane is a direct-to-consumer fashion brand founded in 2010 by Michael Preysman and Jesse Farmer, known for its 'radical transparency' approach of publishing cost breakdowns and factory information. It sells quality basics and essentials online and through a small number of retail stores, with an emphasis on sustainable materials and ethical manufacturing. Private-equity firm L Catterton took control of the company, and in May 2026 Everlane was acquired by fast-fashion group Shein, under which it continues to operate as an independent brand.
Everlane has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2010
Employees
501–1,000
Total Funding
$176.1M
6 rounds
Latest Valuation
$0.25B
Jan 1, 2016
Shein reportedly to acquire Everlane from L Catterton in a deal valuing the apparel brand at about $100M; common holders unlikely to get a payout
Distressed exit far below 2020 mark; common/preferred likely impaired
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $176.1M across 6 rounds
Last updated 10-09-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 29, 2022 | Debt - FILO term loan | $25M | — | Gordon Brothers |
| Aug 26, 2022 | Debt - ABL revolver | $65M | — | CIT |
| Sep 2020 | Series C/E (growth) | $85M | — | L Catterton |
Alfred Chang
Chief Executive Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Reformation
Sustainable fashion DTC brand focused on aggressive carbon footprint reduction and transparent reporting, blending sustainability with desirable fashion.
Frank & Oak
Canadian DTC company with commitment to sustainable fashion and ethical manufacturing, focused on high-quality purposeful apparel from innovative fabrics.
Bonobos
Direct-to-consumer menswear brand offering quality basics and essentials online.
Quince
Online store offering high-quality products including cashmere sweaters, linen pants, and leather jackets at lower prices than high-end retailers.
Naadam
Affordable luxury knitwear brand competing in ethical cashmere market with direct-to-herder sourcing and transparency mirroring Everlane's model.
Kotn
Sustainable alternative to Everlane using long-staple Egyptian cotton and sustainably sourced cotton directly from farmers.
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