Rent The Runway

Valuation $3B

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

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