Rent the Runway
IPOThe largest shared designer closet
- Headquarters
- New York, New York
- Employees
- 1001–5000
- Founded
- 2009
- Business Model
- Marketplace
- Website
- renttherunway.com
- Total Funding
- $435.6M
- Last Round
- $81.2M Series G+May 2021
- Rounds
- 8
- Type
- Public
About
Rent the Runway was founded in 2009 by Jennifer Hyman and Jennifer Fleiss at Harvard Business School. The company allows members to rent or subscribe to designer clothing, handbags, jewelry, and accessories from over 750 brands including Staud, Sandro, Veronica Beard, and Reformation. Its subscription model lets members receive rotating shipments of clothing for a monthly fee. Rent the Runway went public on Nasdaq in October 2021 (ticker: RENT) and is headquartered in Brooklyn, New York. The platform has over 9 million community members.
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