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 100,000Â active subscribers. The company was founded in November 2009 and is headquartered in New York City.
Investors
TCV
Nubank, Brex, Toast, Capsule, Miro, Rent the Runway, Vice Media, Aviatrix, Vectra, GoFundMe
Bain Capital Ventures
Jet, BlockFi, AvidXchange, Acorns, DocuSign, Attentive, Sysdig, Rubrik, Roofstock, 6sense
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
Condé Nast
Blue Pool Capital
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
tradingview - Apr, 14 2024
Rent the Runway shares get caught up in AI frenzy, surge over 200%retaildive - Apr, 14 2024
Rent the Runway turns to resale, advertising in renewed growth pushpymnts - Apr, 12 2024
Rent the Runway Drives Loyalty Boost With AI Search Upgradesbenzinga - Apr, 12 2024
Rent The Runway Stock Soars On Mixed Q4 Resultsglobenewswire - Mar, 26 2024
Rent the Runway Announces 1-for-20 Reverse Stock Split