Exclusive: Vivrelle raises $62 million to expand its service renting handbags from Prada and Chanel as part of a luxury ‘lifestyle'
– Ready to rent. Retail has never been the easiest business. Case in point: the recent 2025 Fortune 500, where only six apparel retailers make the cut among the largest 500 businesses in the U.S. But it's a field where innovation never stops, from the earliest entrants into clothing rental to newer upstarts—who believe they can make a difficult category work.
The founders of Vivrelle just raised $62 million to prove that, Fortune is the first to report. Vivrelle offers a subscription service that allows customers to rent luxury accessories, mainly handbags and jewelry. Rather than the utility of an expanded wardrobe, it's selling the dream of luxury. Husband-and-wife founders Wayne and Blake Griffin wrote the original business plan on their honeymoon in the Maldives after Blake had the idea in the lead-up to their wedding.
Vivrelle's Series C round was funded entirely by the venture firm Protagonist, which describes itself as a 'hands-on' firm that helps founders scale. Cofounder Wayne Geffen says the company is profitable and saw triple-digit growth in 2024.
The startup has positioned itself as a lifestyle brand, setting up in hotspots like the Hamptons and Four Seasons hotels to attract customers looking to add some designer flair to their outfits (which can also be shopped through a partnership with fashion retailer Revolve). Its inventory includes bags from Chanel, Prada, and YSL—and some of this $62 million will go toward adding big-ticket items.
At almost eight years old with about 100 employees, Vivrelle is part of the next generation of rental services—alongside an idea like Pickle, the peer-to-peer clothing rental service that capitalizes on trends while avoiding the headaches of inventory.
Vivrelle offers four membership tiers ranging from $45 to $309 a month. It's hard to classify a membership as anything other than a budget 'extra,' but for women who would otherwise be buying luxury items or who feel pressure to have a constant rotation of outfits on social media, it can be a mentally classified as a cost-saver—or just an accessible luxury. 'It really is a fun, exciting service,' cofounder Wayne Geffen says. Like with most rental services, members have the option to eventually buy the items they rent.
The luxury focus cuts down on marketing costs, Blake Geffen adds. 'We don't have to market the accessories we have,' she says. 'People know they want it.' Instead, Vivrelle is marketing a lifestyle—one whose trappings have become simultaneously more expected than ever, thanks to social media, while still out of reach economically for most people. 'It's having this lifestyle,' Blake Geffen says, 'that some people can only dream of.'
Emma Hinchliffeemma.hinchliffe@fortune.com
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