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.
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, Turo, Tradeshift, Rent the Runway, Better.com, BigCommerce, Menlo Security, Bill.com, Signifyd, RetailNext
Bain Capital Ventures
Jet, DocuSign, AvidXchange, Lime, Rubrik, Acorns, Rent the Runway, Turbonomic, Optimizely, SevOne, Inc.
Blue Pool Capital
Fidelity Management and Research
Wheels Up, The Honest Company, Rent the Runway, Oportun, 10X Genomics, Shockwave Medical, Heal
Flight Ventures
Franklin Templeton Investments
LegalZoom, Sweetgreen, Sumo Logic, Rent the Runway, ClearMotion, Optoro, Metacrine, IEX Group
Highland Capital Partners
Auris Health, Inc., Rent the Runway, Carbon Black, Turbonomic, Qumulo, Scopely, Shift, Rethink Robotics, NewVoiceMedia, Handy
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Magic Leap, DoorDash, Instacart, Epic Games, Bloom Energy, Slack, Dollar Shave Club
Manhattan Venture Partners
SoFi, Wish, Postmates, Lime, Rent the Runway, DraftKings, Zocdoc
TCV
Nubank, Toast, LegalZoom, Actifio, Fuze, Vice Media, Rent the Runway, Rover, Capsule, FinancialForce
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, Guardant Health, Farmers Business Network, Rent the Runway, Blend, Omio
Funding History
| July 2009 | $1.8M |
|---|---|
| February 2010 | $15.0M |
| May 2011 | $15.5M |
| November 2012 | $20.7M |
| February 2013 | $3.9M |
| December 2014 | $61.5M |
| February 2018 | $81.0M |
| March 2019 | $135M |
Management
Co-Founder & Chief Executive Officer
Jennifer Hyman
Chief Financial Officer
Scarlett O'Sullivan
Chief Operating Officer
Maureen Sullivan
Chief Revenue Officer
Anushka Salinas
Chief People Officer
Tammy Sheffer
Chief Technology Officer
Joshua Builder
Press
Wall Streets Journal - Feb, 13 2020
Forbes - Jan, 31 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
BuzzFeed - Sep, 20 2019
BuzzFeed - Aug, 7 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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