Rothy's (No. 251) raised the largest funding round among Top 500 retailers in 2021
Web-first brand Rothy’s (No. 251), which sells casual shoes and bags, touts its environmentally friendly policies. It raised the largest funding round in 2021 among privately held Top 500 retailers. The $475 million raised brought its total funding to $519 million, according to Crunchbase, which tracks private financing. The second-largest funding round in 2021 for Top 1000 retailers was the $325 million raised by Fanatics Inc. (No. 33), the online retailer of licensed sports apparel and related products. Fanatics followed that up with a March 2022 funding round of $1.5 billion that brought the total raised to $4.2 billion. The latest round reportedly valued the company at $27 billion and raised new speculation that the retailer will soon go public.
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