Rent the Runway Garners $15,000,000 New Funding Round

  • Feed Type
  • Date
    5/23/2011
  • Company Name
    Rent the Runway
  • Mailing Address
    304 Hudson Street New York, NY 10013
  • Company Description
    What if your closet was big enough to hold all the latest runway trends? What if, just for a night, you could experiment a little – say, try a one-shoulder dress in a deep, sexy red? What if that dress you saw in Vogue, the one with the stratospheric price tag, was suddenly affordable? What if you had an entire rack lined with styles that were perfect for any special occasion, another filled with cheeky ’80s redux? And what if you had a team of stylists to constantly update everything and offer tips about what size to wear and how to accessorize?
  • Website
    http://www.renttherunway.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use the funding to build out its physical distribution hubs and other corporate initiatives.
  • M&A Terms
  • Venture Investor
    Kleiner Perkins Caufield & Byers

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