Companies / Do we really need to own goods, or can we just experience them?

#229
Rank in U.S.
Performance Score:
62 out of 100

Rent the Runway Inc., which rents the designer apparel and accessories to fashion-savvy customers, announced in 2016 that it had raised another $60 million in funding, led by Fidelity Investments, representing the second $60 million funding round raised by the e-retailer in the past two years. The newest round brings the total raised by Rent the Runway to $174.4 million over six rounds, according to CrunchBase. The e-retailer said it would spend the money to improve logistics and to build out its luxury rental subscription service, called Unlimited, which launched in March 2016 and costs shoppers $139 a month to rent three high-end clothing items for an unlimited amount of time.

Headquarters

345 Hudson St., New York NY 10014

Parent Company

Rent the Runway Inc.

Merchant Type

Web Only

Merchandise Category

Apparel/Accessories

Website

RentTheRunway.com
Year Launched: 2009

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