# Rent the Runway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rent-the-runway

- Industry: Retail
- Headquarters: New York, US
- Website: www.renttherunway.com
- Total disclosed funding: $304M
- Latest round: Series G (Jun 17, 2020)
- Investors on record: 13

## About

Founded in 2009 and based in New York, US, Rent the Runway, Inc. operates a cloud-based e-commerce platform. The company was founded by its CEO Jennifer Hyman, and Jennifer Fleiss. In October 2021, Rent the Runway, Inc. raised USD 357 million in an IPO, selling 17 million shares at USD 21 per share on the Nasdaq.<br /><br />Rent the Runway, Inc. has granted a 30-day 2.55 million shares purchase option to underwriters as part of the listing.

Rent the Runway operates an e-commerce platform that allows users to rent and buy designer clothing and accessories on a one-time or subscription basis and is available as both an online web application and a mobile application. Its offerings range from women’s clothes, wedding dresses, pants, gowns, to handbags and jewelry items from famous brands such as Alexis, FARM Rio, Staud, Tanya Taylor, and Ulla Johnson. The platform also offers its customers preselected dresses with matching accessories for various occasions such as nights out, different types of parties, and for weddings.

The company’s subscription packages start from USD 89 per month for renting 4 items up to USD 199 for 16 items along with free shipping.

## Funding rounds

- Series G, Jun 17, 2020, $5M — Sutter Rock Capital
- Series F, Mar 20, 2019, $125M — Hamilton Lane, Bain Capital, T Rowe Price, Franklin Templeton
- Series E, Dec 22, 2016, $60M — Highland Capital Partners, Bain Capital, TCV, Fidelity Investments, Advance Publications, Inc.
- Series D, Dec 19, 2014, $60M — Highland Capital Partners, Bain Capital, TCV, Advance Publications, Inc.
- Series C, Mar 11, 2013, $4.4M — American Express, Novel TMT Ventures
- Series C, Nov 20, 2012, $20M — Highland Capital Partners, Kleiner Perkins, Bain Capital, Conde Nast
- Series B, May 23, 2011, $15M — Highland Capital Partners, Kleiner Perkins, Bain Capital
- Series A, Feb 24, 2010, $15M — Highland Capital Partners, Bain Capital

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B, Series C, Series D, Series E
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B, Series C, Series D, Series E, Series F
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B, Series C
- Conde Nast — Series C
- American Express — Series C
- Novel TMT Ventures (https://capitalatlas.ai/funds/novel-tmt-ventures) — Series C
- TCV (https://capitalatlas.ai/funds/tcv) — Series D, Series E
- Advance Publications, Inc. — Series D, Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series E
- Hamilton Lane (https://capitalatlas.ai/funds/hamilton-lane) — Series F
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series F
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series F
- Sutter Rock Capital (https://capitalatlas.ai/funds/sutter-rock-capital) — Series G