Luxury accessories membership club Vivrelle is plotting a significant expansion with a Series A funding round of $26 million.
Founded in 2018 by husband-wife team Wayne and Blake Geffen, the company — which says it has thousands of users and a lengthy wait list but declined to specify further — said the investment will allow it to scale and add more members. The investment was led by Origin Ventures with participation from the Chapford Capital Group.
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Virvrelle allows users to pay between $99 and $279 a month to borrow luxury bags and fine jewelry from brands including