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Reformation

Reformation

Private
Los Angeles, CaliforniaConsumer & Commercehttps://www.thereformation.com/

Last Round

IPO

Jun 25, 2026

Est. Valuation

$400M

Total Funding Raised

$37M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Reformation is a sustainable fashion company that designs and manufactures limited-edition collections of clothing and accessories.

Sector

Consumer & Commerce

Verticals

D2C Brands, Fashion & Beauty, E-commerce, Circular Economy, Clean Manufacturing

Business Model

B2C

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

sustainable fashionDTCdirect-to-consumerwomen's apparelethical clothingslow fashionsupply chain transparencycircular economyeco-friendly clothingsustainable manufacturingfashion retailerRefScaleLCAlife cycle assessmentpremium apparel

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Reformation Comparables

Compare Reformation with similar companies based on industry and business-model similarity.

Reformation comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Sézane
86%
DISSH
85%
ME+EM
83%

Reformation Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
IPOJun 25, 2026
Series BApr 9, 2026
Buyout/LBOJul 10, 2019
Series BDec 14, 2017
Series AApr 2, 2015

Key People

Founding team and executive leadership

Hali Borenstein

Chief Executive Officer

Executive Team

Monica Dufour

Chief Executive Officer

Executive Team

Frederick Clark

CTO

Executive Team

Benjamin King

Chief Financial Officer

Executive Team

Reformation Investors

Notable investors and investment history

Reformation investors
InvestorRounds
Guggenheim SecuritiesIPO
Forerunner VenturesSeries A, Series B
PermiraBuyout/LBO
StripesBuyout/LBO, Series A, Series B
Imaginary VenturesSeries B
Robert W. Baird & Co. IncorporatedIPO
Telsey Advisory GroupIPO

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 9, 2026

    Raised an Early Stage VC round.

  • Jul 10, 2019

    Completed a $400M post-money valuation LBO round.

Reformation Filings

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Reformation filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Reformation's valuation, stock price, and market status.

Is Reformation a public or private company?

Reformation is a private company.

What is the current stock price of Reformation?

Reformation is a private company with no public stock price. No recent secondary market data is available.

How much is Reformation worth (valuation)?

Valuation information for Reformation is not publicly available.

Can I buy Reformation stock?

Reformation shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Reformation's last funding round?

Reformation's most recent funding round was Series B on April 9, 2026.

Who are the main investors in Reformation?

Key investors in Reformation include Stripes.

Will Reformation IPO soon?

No public IPO plans have been announced for Reformation.

How can I track Reformation secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Reformation's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersLos Angeles, California
Employee Range1,265
Year Founded2009
Last FundingJun 25, 2026

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