The Volte (company)

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The Volte
Company typePrivately held company
IndustryE-commerce, Clothing
Founded2017
FounderBernadette Olivier (CEO)
Kym Atkins
Genevieve Hohnen
Jade Hirniak
Headquarters
Sydney
,
Australia
Area served
Australia
ServicesClothing rental

The Volte is an online peer-to-peer clothing platform that provides designer fashion rentals for women in Australia.[1][2][3] The company was founded in 2018 and is based in Sydney.[4][5][6][7]

Overview[edit]

The Volte was founded in 2018 by four friends, Bernadette Olivier (CEO), Kym Atkins, Genevieve Hohnen and Jade Hirniak.[8][9][10][11][12][13][14]

The platform operates as a peer to peer service where users can rent out their dresses and clothing accessories to other users on the platform.[15][16][17][18][19]

In April 2019, The Volte raised $700,000 in a seed funding round from Australian investors.[20][21][22][23] In April 2021, the company received additional funding from investment firm Betterlabs.[24][25]

In October 2022, the company started integrating with retailers and designers to list their newly purchased items directly on the platform, allowing designers to earn royalties from sold or rented items.[26]

In May 2023, The Volte raised $2.7 million in a Series A funding round led by eBay Ventures.[27][28][29][30]

References[edit]

  1. ^ Tonti, Lucianne (2022-10-31). "Hire education: how to rent a formal dress". The Guardian. ISSN 0261-3077. Retrieved 2024-06-04.
  2. ^ "The Volte, UTS examine sustainable fashion rental model – Ragtrader". www.ragtrader.com.au. Retrieved 2024-06-04.
  3. ^ Stewart, Brittany (2017-07-30). "There's now a savvy way to make money from all those unworn dresses in your wardrobe". Mamamia. Retrieved 2024-06-04.
  4. ^ "'Digital passports' give designers clip of $3.5bn rental market". The Australian.
  5. ^ Cain, Alexandra (2017-07-04). "Into The Volte: Where to go to hire that $30,000 dress". The Sydney Morning Herald. Retrieved 2024-06-04.
  6. ^ "How your wardrobe could be making you thousands". The West Australian. 2022-12-06. Retrieved 2024-06-04.
  7. ^ "Micro events help put revenue in The Volte". The West Australian. 2021-09-26. Retrieved 2024-06-04.
  8. ^ "The Volte: New website where women can rent and borrow designer outfits". News.com.au.
  9. ^ "No coffee or new clothes: Why I pledged to buy nothing all month". www.9news.com.au. 2023-10-12. Retrieved 2024-06-04.
  10. ^ "Gold Coast woman digs herself out of $50,000 debt with a single dress". style.nine.com.au. 2022-02-08. Retrieved 2024-06-04.
  11. ^ "Tragic reason Aussie fashion labels are collapsing". www.msn.com. Retrieved 2024-06-04.
  12. ^ "Holiday clothes trend earned Mia Roth $6000 in a week". style.nine.com.au. 2024-02-23. Retrieved 2024-06-04.
  13. ^ "Meet Bernadette Oliver: Co-Founder of The Volte – The Modern Muse Magazine". 2024-03-07. Retrieved 2024-06-04.
  14. ^ Lindhe, Jane (2023-05-17). "Luxury for rent: The Volte's plans to disrupt fast-fashion". Forbes Australia. Retrieved 2024-06-04.
  15. ^ "First-of-its-kind study will reveal if rental fashion platform stacks up as sustainable solution". News.com.au.
  16. ^ Mason, Melissa (2020-01-23). "We Tried Out Designer Rental Site The Volte, Where You Can Hire Other People's Fancy Threads". PEDESTRIAN.TV. Retrieved 2024-06-04.
  17. ^ "This Bride Paid Off Most Of Her Wedding By Selling Dresses Online". marie claire. 2023-11-05. Retrieved 2024-06-04.
  18. ^ Basta, Jostina (2023-11-10). "How a $1000 formal dress turned into a goldmine". The Sydney Morning Herald. Retrieved 2024-06-04.
  19. ^ White, Sue (2019-07-18). "Designer dresses for rent requires running the numbers". The Sydney Morning Herald. Retrieved 2024-06-04.
  20. ^ "Volte locks in cash as declutter craze drives business". The Australian.
  21. ^ "The Volte Closes A $700K Funding Round | Startup News". 2019-04-04. Retrieved 2024-06-04.
  22. ^ Kopittke, Morganne (2023-05-19). "Luxury dress sharing platform The Volte raises $4 million in Series A led by eBay Ventures". SmartCompany. Retrieved 2024-06-04.
  23. ^ Palmer-Derrien, Stephanie (2019-04-01). ""Access is the new ownership": Aussie clothes-sharing startup raises $700,000 for platform designed to empower all women". SmartCompany. Retrieved 2024-06-04.
  24. ^ "BetterLabs backs The Volte". Business News. 2021-04-09. Retrieved 2024-06-04.
  25. ^ "BetterLabs Venture Fund Portfolio Increases To 22 Startups After New Investments | Startup News". 2022-06-30. Retrieved 2024-06-04.
  26. ^ "eBay Ventures Invests in Luxury Dress Sharing Platform The Volte". eBay Inc. 2023-05-11. Retrieved 2024-06-04.
  27. ^ "eBay invests in Australian dress rental platform". Chain Store Age. 2023-05-15. Retrieved 2024-06-04.
  28. ^ "eBay Ventures is working with Perth-based The Volte". Australian Financial Review. 2023-05-11. Retrieved 2024-06-04.
  29. ^ "Addisons advises The Volte on its Series A fundraising". Lexology. 2023-05-24. Retrieved 2024-06-04.
  30. ^ "eBay backs $4m Series A for dress-sharing platform The Volte". Business News Australia. Retrieved 2024-06-04.
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