Search company, investor...

Predict your next investment

McKinsey & Company company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
mckinsey.com

Investments

12

Portfolio Exits

3

Partners & Customers

10

About McKinsey & Company

McKinsey & Company is a global management consulting firm. It offers consultation to various industries such as electronic, aerospace, automotive, chemical, financial, oil and gas, public sector, and healthcare. The company was founded in 1926 and is based in New York, New York.

Headquarters Location

711 Third Avenue

New York, New York, 10017,

United States

212-446-7000

Want to inform investors similar to McKinsey & Company about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Expert Collections containing McKinsey & Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find McKinsey & Company in 1 Expert Collection, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

Research containing McKinsey & Company

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned McKinsey & Company in 3 CB Insights research briefs, most recently on Nov 30, 2021.

Latest McKinsey & Company News

I've been renting all my clothes for over a year. Here's what I love about it — and what everyone should know before trying it.

Feb 4, 2023

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . About 14 months ago, I started an experiment : Could I give up shopping and rent all my clothes instead? It was November 2021, a year and a half into the pandemic, and it felt like I had forgotten how to get dressed to leave the house. Figuring out what to wear had turned stressful: What was even trendy anymore? Were people still wearing ripped jeans? Did every dress have cutouts now? On top of that, I was thinking more about my relationship to fast fashion. Before the pandemic, I'd head to H&M and Zara a few times a month, aware that buying cheap, mass-produced fashion couldn't possibly be good for the environment or my finances, but too addicted to the dopamine hit that accompanied buying cute, cheap clothes to quit it for good. Maybe, I reasoned, renting my wardrobe would solve all my problems. I wasn't alone in thinking that. Companies that offer rental services have reported subscriber growth in recent quarters, driven in part by inflation. Rent the Runway said during its third-quarter earnings call in December that active subscribers were up 15% compared to the previous year, and CEO Jennifer Hyman told CNBC that budget-conscious shoppers from all income brackets had started turning to renting over buying. And URBN — the parent company of Urban Outfitters, Anthropologie, and Free People — reported during its third-quarter earnings call in November that its rental service, Nuuly, saw a 37% increase in subscribers compared to the previous quarter. As for me, I'm still hooked on renting over a year later, and I would recommend it to anyone who's thinking about trying it. But I've also uncovered some downsides that have made me rethink everything I thought I knew about clothes. Pro: Renting has saved me money in the long run by curbing my shopping habit Yes, I often bought a new top if I had plans on a Friday night, and, OK, yes, I did like to wander around the mall if I had a stressful day. Was that a shopping addiction? Who knows! I'm not a psychologist. But whatever it was was not helping me save money, and it often meant I ended up with clothes I didn't even really love in the name of having something new. With renting, I get the same satisfaction shopping gives me without the same financial hit. I'm one of Nuuly's 120,000 active subscribers, and new items are added to the platform almost every day. Whenever I get the urge to shop, I can open up the Nuuly app, scroll through what's new, and save my favorites for a future rental. That way, I'm not spending any money while still feeling like I got my shopping fix. About 14 months ago, the author asked herself: Could I give up shopping and rent all my clothes instead? Alexander Zemlianichenko/AP Con: My wardrobe feels dated now The deal I made with myself when I started renting was that the $88 a month I'd spend on my six items from Nuuly was the only money I was allowed to spend on clothes. Over the past year, I've mostly held myself to that, outside of buying basics like white T-shirts and a new pair of jeans. But even though Nuuly sends me six items a month, I don't always have new clothes at my disposal. There are always a few days in between when you send the old items back and get a new box, and I've pressed pause on my membership a few times over the past year when the timing didn't make sense. And when that happens, I often find myself standing in front of my closet, totally mystified as to what to wear. Without new items coming in on a somewhat regular basis, I feel like I'm stuck with a closet full of old clothes that don't fit my lifestyle or current trends. Pro: Renting has made me more thoughtful about quality Perhaps the biggest endorsement for renting all my clothes is the effect it's had on my mindset. More than ever, I see the value in stocking up on high-quality staples — items like a classic white button-down or a durable denim jacket, pieces I'll wear over and over. Maybe it's a combination of getting older and not shopping for a while, or maybe it's being exposed to higher-end brands through renting, but I find myself caring a lot more about the fabric quality and the construction than I did before. I'm still trying not to shop these days, but when I do, I try to buy things that will last me at least 10 years, hopefully longer. Con: Sometimes items arrive in bad shape No matter how high-quality a garment is, it can't always withstand being worn and washed by hundreds or thousands of people. Which means that sometimes I'll get a garment in my box that's clearly had a tough life. I've gotten a sweater with so many pulls in it I wondered if it was a stylistic choice, and a T-shirt that felt too stretched-out to wear. It's not always a big deal to me since I have five other items to wear, and part of me is glad to see that the clothes are having a long life. But if you're particular about how you take care of your own clothes, it might be a dealbreaker. The rise of fast fashion has led consumers to buy more clothes and get rid of them quicker. Brendan McDermid/Reuters Pro: Renting feels more sustainable than constantly buying new things The rise of fast fashion has led us as consumers to buy more clothes and get rid of them quicker. Between 2000 and 2014, making clothes became cheaper and supply chains became more streamlined, leading to clothing production doubling. By the mid-2010s, consumers were purchasing 60% more apparel than they were 15 years earlier and keeping items roughly half as long. The rise of disposable fashion means that we're wearing garments only seven or eight times before getting rid of them, McKinsey & Company data found . For me, this is where renting really comes in handy. Let me give you an example: I have two weddings coming up two weeks apart. One is someplace warm and has a specific dress code while the other is somewhere bound to be a little chilly. Frankly, I don't really own anything appropriate to wear to either event. Now, rather than buy two different dresses, I can just rent them, which allows me to look appropriate for both events, feel stylish and on-trend, and not buy two separate outfits that will just hang in my closet. Con: There's still an environmental impact It's clear by now that the fashion industry is a major polluter, emitting more carbon than international flights and maritime shipping combined . But it's not just the production process that has a carbon footprint — renting has its own downsides . My Nuuly order comes in a reusable bag every month, which we love to see, but it's still shipped to and from my house. The clothes are dry-cleaned each time they're sent back, which is great for the consumer but not so great for the environment . So while I still believe that renting is a greener choice on the individual consumer level, it's not a silver bullet to the apparel industry's sustainability challenges. In fact, the only way to be truly green is to walk over to your local thrift shop — or not consume at all. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

McKinsey & Company Investments

12 Investments

McKinsey & Company has made 12 investments. Their latest investment was in PIONIX as part of their Biz Plan Competition on July 7, 2022.

CBI Logo

McKinsey & Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/11/2022

Biz Plan Competition

PIONIX

Yes

1

3/22/2022

Seed

Upstreet

$2.23M

Yes

3

2/13/2020

Series A

Praetorian

$10M

Yes

13

9/13/2019

Series B

Subscribe to see more

$99M

Subscribe to see more

10

8/13/2019

Seed

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/11/2022

3/22/2022

2/13/2020

9/13/2019

8/13/2019

Round

Biz Plan Competition

Seed

Series A

Series B

Seed

Company

PIONIX

Upstreet

Praetorian

Subscribe to see more

Subscribe to see more

Amount

$2.23M

$10M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

3

13

10

10

McKinsey & Company Portfolio Exits

3 Portfolio Exits

McKinsey & Company has 3 portfolio exits. Their latest portfolio exit was McKinsey & Company - Russia on May 17, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/17/2022

Divestiture

McKinsey & Company - Russia

$99M

Management Buyout (MBO)

1

11/30/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

10/18/2002

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

Date

5/17/2022

11/30/2020

10/18/2002

Exit

Divestiture

Acquired

Acquired

Companies

McKinsey & Company - Russia

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Management Buyout (MBO)

Subscribe to see more

Subscribe to see more

Sources

1

10

0

McKinsey & Company Acquisitions

21 Acquisitions

McKinsey & Company acquired 21 companies. Their latest acquisition was iguazio on January 23, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/23/2023

Series D

$99M

$72M

Acquired

21

11/2/2022

$99M

Acquired

7

6/1/2022

$99M

Acquired

1

5/3/2022

Subscribe to see more

$99M

Subscribe to see more

10

3/14/2022

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/23/2023

11/2/2022

6/1/2022

5/3/2022

3/14/2022

Investment Stage

Series D

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$72M

Note

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Sources

21

7

1

10

10

McKinsey & Company Partners & Customers

10 Partners and customers

McKinsey & Company has 10 strategic partners and customers. McKinsey & Company recently partnered with Majid Al Futtaim Group, and World Economic Forum on January 1, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

1/18/2023

Partner

United Arab Emirates, and Switzerland

What Majid Al Futtaim’s new MENAP Economic Integration Barometer reveals

Majid Al Futtaim , in partnership with the World Economic Forum and McKinsey & Company , has unveiled the world 's first MENAP Economic Integration Barometer , at Davos .

1

9/19/2022

Partner

United Kingdom

The gathering storm: The transformative impact of inflation on the healthcare sector

Modeled economic indicators for pre-COVID-19 estimates are based on McKinsey analysis in partnership with Oxford Economics .

1

9/16/2022

Partner

United States

McKinsey and Salesforce forge new alliance to help organizations accelerate digital transformations

McKinsey and Salesforce forge new alliance to help organizations accelerate digital transformations .

1

9/12/2022

Partner

United States

Subscribe to see more

Subscribe to see more

10

7/21/2022

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

1/18/2023

9/19/2022

9/16/2022

9/12/2022

7/21/2022

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United Arab Emirates, and Switzerland

United Kingdom

United States

United States

United States

News Snippet

What Majid Al Futtaim’s new MENAP Economic Integration Barometer reveals

Majid Al Futtaim , in partnership with the World Economic Forum and McKinsey & Company , has unveiled the world 's first MENAP Economic Integration Barometer , at Davos .

The gathering storm: The transformative impact of inflation on the healthcare sector

Modeled economic indicators for pre-COVID-19 estimates are based on McKinsey analysis in partnership with Oxford Economics .

McKinsey and Salesforce forge new alliance to help organizations accelerate digital transformations

McKinsey and Salesforce forge new alliance to help organizations accelerate digital transformations .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

McKinsey & Company Team

119 Team Members

McKinsey & Company has 119 team members, including , .

Name

Work History

Title

Status

Amit Bhatia

Founder

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Amit Bhatia

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare McKinsey & Company to Competitors

D
Deloitte

Deloitte provides audit, consulting, financial advisory, risk management, tax, and related services to clients. It caters to life sciences, healthcare, consumer, primary sector, energy, resources and industrials, and public service industries. The company was founded in 1845 and is based in New York, New York.

The Boston Consulting Group Logo
The Boston Consulting Group

The Boston Consulting Group is a management consulting and advisory firm. The Company specializes in education, biopharmaceuticals, automotive, energy, financial, insurance, media, technology, mining, private equity, process industries, social impact, telecommunication, transportation, and tourism consulting services. It caters to clients from the private, public, and not-for-profit sectors and industries such as aerospace and defense, the automotive industry, consumer products, education, financial institutions, health care, oil, gas power, utilities, and more. The company was founded in 1963 and is based in Boston, Massachusetts.

PwC Logo
PwC

PwC offers professional services. It specializes in audit, accounting, financial, tax due diligence, valuation, human resources, and forensic services to its clients. The firm caters to clients in the automotive, hospitality and leisure, entertainment and media, technology, financial services, real estate, transportation, logistics, and retail sectors. The company was founded in 1998 and is based in London, U.K.

Teikametrics Logo
Teikametrics

Teikametrics is building a Marketplace Optimization Platform that helps thousands of sellers and brand owners easily optimize their performance across the most valuable marketplaces and business verticals. With its AI-powered technology and optional managed services, it eliminates tedious work for customers so they can focus on what matters most: creating products and experiences that bring joy to their customers’ lives.

KPMG Logo
KPMG

KPMG is a professional services firm, that provides business solutions and audit, tax, and advisory services to its clients. it caters to aerospace and defense, building and construction, consumer markets, and energy and natural resources. The company was founded in 1987 and is based in Amstelveen, Netherlands.

ING Logo
ING

ING is a global financial institution of Dutch origin, currently offering banking, investments, life insurance, and retirement services to meet the needs of a broad customer base. It serves more than 85 million private, corporate, and institutional customers in Europe, North and Latin America, Asia, and Australia.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.