About Rent The Runway
Rent the Runway is an online e-commerce website that allows women to rent designer apparel and accessories.
Headquarters
Rent The Runway, New York
Founded
2009-01-01
Industry
Apparel, Consumer Goods, E-Commerce, Fashion, Retail
Last Funding Type
Series G
Valuation
3
Total Funding
$626.15 million dollars
IPO Status
Public
Financial
Rent the Runway reported a significant increase in its stock value after implementing AI technology. The company announced its fourth quarter and full year 2023 results, showing positive financial trends. Additionally, Rent the Runway appointed a new Chief Marketing Officer to support its growth and profitability efforts. The company also projected a return to revenue growth, which was reflected in a jump in its share prices.
Funding Rounds
16
Number of Lead Investors
12
Total Funding Amount
$626.15 million dollars
Number of Investors
21