Wantable, Inc.
Wantable is an e-commerce company offering curated assortments of women's makeup, fashion accessories, and intimate apparel.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
$1.4m | Series D | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 22 % | 13 % | 32 % | 35 % | 10 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Wantable, Inc., headquartered in Milwaukee, Wisconsin, operates as a personalized e-commerce retailer with a "try-before-you-buy" model. Founded in 2012 by serial entrepreneur Jalem Getz, the company leverages a combination of technology and human stylists to deliver curated apparel to its customers. Getz, who previously founded and led the successful online costume retailer BuySeasons, Inc., brought extensive e-commerce experience to this venture. His entrepreneurial journey began at age 22, demonstrating a long-standing passion for building retail companies. After selling BuySeasons and taking a few years off, Getz launched Wantable to address a perceived gap in the market for a more personalized online shopping service.
The company's business model centers on a styling fee, which is applied toward any items a customer decides to purchase from their curated box. Customers start by taking a detailed lifestyle and style quiz. A personal stylist then curates a selection of seven items, known as an "Edit," which is shipped to the customer's home. Clients can try on the clothes and are only charged for what they decide to keep, with free shipping and returns. A 20% discount is offered if five or more items are purchased. This service caters to both men and women, offering distinct "Edits" for style, activewear, and sleep/body. Wantable has also introduced themed and limited-edition Edits to provide more variety.
Wantable operates in the competitive personal styling subscription box market. The service aims to build strong individual customer relationships by combining algorithms with the expertise of its stylists. The company has secured a total of $6.59 million in funding over five rounds, with its latest Series D round in May 2018. Notable investors include Northwestern Mutual and BrightStar Wisconsin Foundation. Revenue estimates vary, with figures cited between $33.2 million and $70.5 million annually. The company experienced significant growth in 2020, gaining market share within its sector.
Keywords: personal styling, subscription box, try-before-you-buy, e-commerce, apparel, fashion retail, curated shopping, Jalem Getz, clothing subscription, activewear