Rent the Runway Garners $15,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=69168a24-68a0-4325-a756-845c8ac6aed4&Preview=1 -
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
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Venture Investor
Kleiner Perkins Caufield & Byers
