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Rent the Runway Stock
E-commerce for designer apparel rentals
About Rent the Runway Stock
Rent the Runway is a subscription fashion service that allows users to rent designer clothing. The company aims to reduce the environmental impact of the clothing industry by increasing the life and utilization of clothing. Rent the Runway aims to provide a hassle-free rental option, by giving users the ability to order backup sizes, try on clothes in store, and use various drop off locations.
See here for an interview with Jennifer Hyman, Rent the Runway's founder and CEO, on COVID-19 and the company.
Rent the Runway reportedly has about 100,000 active subscribers. The company was founded in November 2009 and is headquartered in New York City.
Investors
Advance Publications, Inc.
American Express Ventures
Stripe, Tradeshift, Turo, Rent the Runway, Better.com, BigCommerce, Bill.com, BioCatch, Signifyd, Menlo Security
Bain Capital Ventures
Jet, AvidXchange, DocuSign, Rubrik, Lime, Acorns, Rent the Runway, Turbonomic, Sysdig, Optimizely
Blue Pool Capital
Fidelity Management and Research
Wheels Up, Rent the Runway, The Honest Company, MasterClass, Oportun, 10X Genomics, Heal, Shockwave Medical
Flight Ventures
Franklin Templeton Investments
LegalZoom, Sweetgreen, Rent the Runway, Sumo Logic, ClearMotion, Optoro, Metacrine, IEX Group
Highland Capital Partners
Auris Health, Inc., Scopely, Rent the Runway, Carbon Black, Turbonomic, Enjoy, Qumulo, Shift, Rethink Robotics, NewVoiceMedia
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Magic Leap, DoorDash, Instacart, Stripe, Epic Games, Bloom Energy, Slack
Manhattan Venture Partners
Flipkart, SoFi, Wish, Postmates, Turo, Lime, Rent the Runway, DraftKings, Zocdoc
TCV
Nubank, Toast, LegalZoom, Fuze, Actifio, Vice Media, Rent the Runway, Rover, FinancialForce, Capsule
Technology Crossover Ventures
Spotify, AppNexus, Vice Media, Avalara, Rent the Runway, Liquidnet, TechStyle Fashion Group, OneSource Virtual, SeatGeek, Payoneer
Temasek Holdings
DoorDash, Wish, Impossible Foods, AvidXchange, Carbon, Improbable, Guardant Health, Rent the Runway, Farmers Business Network, Blend
Funding History
| July 2009 | $1.8M |
|---|---|
| February 2010 | $15.0M |
| May 2011 | $15.5M |
| November 2012 | $20.8M |
| February 2013 | $3.9M |
| December 2014 | $61.5M |
| February 2018 | $81.0M |
| March 2019 | $135M |
| April 2020 | $50.0M |
Management
Co-Founder & Chief Executive Officer
Jennifer Hyman
Chief Financial Officer
Scarlett O'Sullivan
Chief Revenue Officer
Anushka Salinas
Press
trib - May, 21 2020
businessinsider - Apr, 25 2020
Wall Streets Journal - Feb, 13 2020
New York Times - Jan, 8 2020
pymnts - Dec, 20 2019
BuzzFeed - Dec, 19 2019
Forbes - Dec, 9 2019
businesstimes - Dec, 9 2019
Forbes - Dec, 5 2019
foxbusiness - Oct, 9 2019
vox - Oct, 8 2019
qz - Oct, 2 2019
Forbes - Jul, 5 2019
Forbes - Jul, 1 2019
TechCrunch - Jun, 20 2019
TechCrunch - May, 8 2019
Forbes - Mar, 27 2019
Forbes - Mar, 25 2019
pymnts - Jan, 18 2019
PYMNTS.com - Oct, 19 2018
TechCrunch - Sep, 18 2018
PitchBook News & Analysis - Aug, 3 2018
Other Companies
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Some data provided by Crunchbase
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