Rent the Runway
IPOThe largest shared designer closet
Public · New York, United States · Founded 2009 · $435.6M raised
- 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.
Summary
Rent the Runway is an E-Commerce company based in New York, United States, founded in 2009. It has raised $435.6M in total across 8 rounds, most recently a $81.2M Series G+ round in May 2021.
Tech & App Stack
7 technologies & apps tracked
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Funding History
Oct 2021
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