SOLD
Alta Raises $11 Million Seed Funding From Menlo Ventures And Other Investors For AI Stylist
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Building Size
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Asset Type
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Closing
Jun 16, 2025
About this deal
AI
Alta, the fashion tech startup, has raised $11 million in seed funding led by Menlo Ventures to launch its AI-powered personal stylist, inspired by the film Clueless. The funding will support team growth and research and development as Alta scales globally through partnerships.
Summary of transaction details:
- Deal Type: Seed
- Transaction Amount: $11,000,000
- Notable Investors: Menlo Ventures, Benchstrength, Algaé Ventures, Phenomenal Ventures, Anthology Fund, Tony Xu, Jasmine Tookes, Karlie Kloss, Jenny Fleiss, Manish Chandra, Zita d’Hautville, Meredith Koop
Founded by 28-year-old Jenny Wang, a Harvard-trained engineer and former DoorDash intern, Alta is designed to help users choose outfits based on their wardrobe, lifestyle, and events using personalized avatars. The company is supported by prominent backers including the Arnault family's Algaé Ventures and several angel investors.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93