Formalwear marketplace for pageant dresses, wedding gowns and quinceañera attire, Queenly nabbed $6.3 million in a funding round led by Andreessen Horowitz.
As per a Women’s Wear Dailly report, the two-year-old start-up managed to score another $2.26 million round in April. With the latest round, the total raised to date comes to $7.1 million.
Founders Trisha Bantigue and Kathy Zhou appealed to investors with a model that seemed hardened against the pandemic. The business partnered with independent boutiques — the main source of formal gowns for shoppers searching for unique finds — and directly with prom brands like Mac Duggal, Vienna Prom and others to build out what the company describes as both a marketplace and a search engine for formalwear.
The partners approached these boutiques to put their inventory online with Queenly. Their inventory, plus that of brand partners, gave the platform multiple sources and no supply chain to fret over, which wound up being an advantage, as delivery delays and other issues dogged other retailers.
Queenly also acts as a peer-to-peer, secondhand sales platform, allowing users to buy and sell. This effort expanded the company’s range of designers, from formalwear brands like David’s Bridal to BCBG or Calvin Klein. Today, there are 60,000-plus unique dresses listed on the platform, with a total inventory value of $15 million, turning the platform into a shopping destination.












