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Shein to acquire Everlane for $100 million

PRIVATEAug 24, 2026•about 3 hours ago

Acquiring Company

Shein

Acquired Company

Everlane

SingaporeSan FranciscoSoftwareMobileConsumer GoodsAppsE CommerceFashionLifestyle

Description

Shein is set to acquire Everlane in a $100 million deal, which has now prompted a US national security review. This acquisition reflects Shein's desire to deepen its presence in the US market, despite regulatory challenges. Everlane, once valued much higher, is struggling with debts and liabilities, making the acquisition a critical move for its future sustainability.

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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Integration timeline
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Frequently asked

Who acquired Everlane?

Everlane was acquired by Shein, based in Singapore. The deal was reported on August 24, 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 Software.

When did Shein acquire Everlane?

Shein's acquisition of Everlane was reported on August 24, 2026. Shein is set to acquire Everlane in a $100 million deal, which has now prompted a US national security review. This acquisition reflects Shein's desire to deepen its presence in the US market, despite regulatory challenges. 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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