Rent the Runway Receives $20,000,000 New Financing Round

  • Feed Type
  • Date
    11/30/2012
  • 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
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed, however concurrent with the announcement the company announced a strategic relationship with Conde Nast.
  • M&A Terms
  • Venture Investor
    Advance Publications
  • Venture Investor
    Bain Capital Ventures
  • Venture Investor
    Highland Capital Partners
  • Venture Investor
    Kleiner Perkins Caufield & Byers

By posting a comment, you agree to our terms and conditions.