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Shein acquires Everlane for $100 million

PRIVATEMay 18, 2026•4 months ago

Acquiring Company

Shein

Acquired Company

Everlane

SingaporeSan FranciscoOtherSoftwareMobileConsumer GoodsAppsE CommerceFashionLifestyle

Description

Shein has reportedly acquired Everlane in a deal valued at approximately $100 million. This acquisition marks a significant move for Shein as it seeks to enhance its brand legitimacy amidst ongoing criticism. Everlane's board approved the sale, which reflects the challenges faced by even well-recognized brands in tough market conditions.

Company Information

Company

Shein

Location

Singapore, Southeast Asia, Singapore

About

The fast fashion e-commerce company that few in the tech industry had even heard of two years ago is aiming to raise $1 billion at a valuation of $100 billion. Last June, the company told us that its valuation was at the “billion-dollar level” as of its last funding round in 2020. The company counts Tiger Global, IDG and Sequoia among its existing investors. The company tests a great variety of cheap clothing in small batches, and if data shows that something is selling well, it quickly places more orders with these suppliers to sell even more. At the end of last year, Beijing proposed a deluge of regulations on overseas-listed Chinese firms, including one stipulating that a company whose main management mostly consists of Chinese nationals or executives who live in China, and its main business operating location is in China, must go through a filing process with China’s securities authority. Anecdotally, we’ve heard that some venture capital firms in China have begun offering citizenship applications as part of their post-investment service. Shein is in talks with General Atlantic for this new funding round, according to Bloomberg. According to app analytics firm Apptopia, Shein was the second most downloaded shopping app in the US last year after Amazon. Shein is not without challenges.

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Frequently asked

Who acquired Everlane?

Everlane was acquired by Shein, based in Singapore. The deal was reported on May 18, 2026. The fast fashion e-commerce company that few in the tech industry had even heard of two years ago is aiming to raise $1 billion at a valuation of $100 billion. Shein is privately held and operates in Other.

When did Shein acquire Everlane?

Shein's acquisition of Everlane was reported on May 18, 2026. Shein has reportedly acquired Everlane in a deal valued at approximately $100 million. This acquisition marks a significant move for Shein as it seeks to enhance its brand legitimacy amidst ongoing criticism. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Everlane do?

Everlane is a U.S. sustainable fashion brand known for its modern and innovative approach to sustainable fashion. The brand is committed to transparency and sustainable practices. It is privately held, operating in E Commerce, and is based in San Francisco.

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