Rent the Runway Stock
E-Commerce For Designer Apparel Rentals
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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
MobiKwik, Stripe, Tradeshift, Melio, Rent the Runway, Turo, Better.com, Signifyd, Guideline, Boxed
Bain Capital Ventures
Jet, BlockFi, AvidXchange, Acorns, DocuSign, Attentive, Sysdig, Rubrik, Roofstock, 6sense
Blue Pool Capital
Condé Nast
Fidelity Management and Research
MasterClass, Wheels Up, Rent the Runway, Somatus, ACV, The Honest Company, Cleerly, Oportun, 10X Genomics, MNTN
Flight Ventures
Rent the Runway, Blockstream, AltSchool, Soothe, Managed By Q
Franklin Templeton Investments
Lacework, Snyk, SpotOn, Workrise, Checkr, Gong.io, 6sense, Sweetgreen, Talkdesk, Lime
Highland Capital Partners
Scopely, Auris Health, Inc., Welltok, Rent the Runway, Enjoy, Qumulo, EverlyWell, Carbon Black, Turbonomic, Tomorrow.io
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
Manhattan Venture Partners
Flipkart, JUUL, SoFi, Wish, Postmates, Lime, Rent the Runway, Turo, DraftKings, Zocdoc
Novel TMT Ventures
Reimagined Ventures
TCV
Nubank, Brex, Toast, Capsule, Miro, Rent the Runway, Vice Media, Aviatrix, Vectra, GoFundMe
Technology Crossover Ventures
Spotify, SeatGeek, AppNexus, Rent the Runway, Vice Media, Avalara, TechStyle Fashion Group, Liquidnet, Payoneer, OneSource Virtual
Temasek Holdings
PharmEasy, Tokopedia, Ola, Magic Leap, DoorDash, Impossible Foods, Wish, Snyk, AvidXchange, SambaNova Systems
Funding History
| July 2009 | $1.8M |
|---|---|
| February 2010 | $15.0M |
| May 2011 | $15.5M |
| November 2012 | $20.5M |
| February 2013 | $3.9M |
| December 2014 | $61.5M |
| February 2018 | $81.0M |
| March 2019 | $135M |
| April 2020 | $132M |
Management
Chief Executive Officer
Jennifer Hyman
Chief Financial Officer
Scarlett O'Sullivan
Chief Technology Officer
Larry Steinberg
Press
The Story Exchange - Jan, 5 2021
Rent the Runway’s Jennifer Hyman Predicts This Spring Month Will Kick Off Fashion’s Bold RecoveryFortune - Dec, 24 2020
The pandemic cramped Rent the Runway’s style—but here’s how the company is fashioning a comeback in 2021Fashion United - Dec, 17 2020
Rent the Runway launches Swap Stop traveling pop-up experienceBizJournal - Oct, 29 2020
Rent the Runway adds clothing sales to rental modelWSJ - Oct, 27 2020
Coronavirus Prompts Rent the Runway to Think Beyond RentalsRentalWire - Sep, 22 2020
Can Rent the Runway move past unlimited rentals?CNBC - Sep, 17 2020
Rent the Runway overhauls subscription plan as pandemic reshapes businessglossy - Aug, 31 2020
The altered state of the rental marketCNBC - Aug, 14 2020
The clothing rental start-up Rent the Runway is closing all of its stores for goodtrib - May, 21 2020
Rent the Runway Nears Funding Below Last $1 Billion Valuehuffpost - May, 6 2020
Rent The Runway Is Risking Workers’ Lives To Ship Designer Dresses In A Pandemicbusinessinsider - Apr, 25 2020
$1 billion startup Rent the Runway has furloughed 35% of its employees. Its future is now in question as coronavirus ravages retail.Wall Streets Journal - Feb, 13 2020
Rent the Runway Hires Fresh Help With LogisticsEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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