Retailer Everlane Wants to Raise New Money at a Valuation North of $250 Million

Everlane

Everlane has a plan to double revenue and raise new fund.

By Jason Del Rey.

Everlane, the online retail startup that puts transparency at the center of its pitch to millennial shoppers, is in talks to secure a new investment and is seeking a valuation north of $250 million in the process, according to multiple sources. The four-year-old company has raised $18 million in total to date, these people said, at lower valuations.

An Everlane spokesman declined to comment.

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