Rent The Runway Revenue and Competitors

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Location

$526.1M

Total Funding

Retail

Industry

Estimated Revenue & Valuation

  • Rent The Runway's estimated annual revenue is currently $172.7M per year.(i)
  • Rent The Runway received $125.0M in venture funding in March 2019.
  • Rent The Runway's estimated revenue per employee is $147,733
  • Rent The Runway's total funding is $526.1M.
  • Rent The Runway's current valuation is $342.3M. (January 2022)

Employee Data

  • Rent The Runway has 1169 Employees.(i)
  • Rent The Runway grew their employee count by 18% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$23.1M14025%N/AN/A
#2
$17.8M78-14%N/AN/A
#3
$2190M5741-3%$79.4M$1.8B
#4
$676.1M2118143%$553.4M$15B

Recently named #9 on CNBC's Disruptor 50 list for 2018, Rent the Runway is transforming the $1.7 trillion global fashion industry by introducing clothing rental as a utility for women. We have pioneered the closet in the cloud and believe that every person globally will soon have a subscription to fashion. Since our launch in late 2009, we have raised $210M from top-tier investors and built one of the most beloved brands on earth. We are proud to be both a profitable and high-growth business, with a loyal 8 million strong customer base who share the experience of renting as being empowering and smart. Our 1000+ employees have a revolutionary spirit that permeates our culture. We've built - proprietary technology, a one-of-a-kind reverse logistics operation, stores of the future, a viral brand, relationships with hundreds of fashion brands - and we are obsessed with continuing to game change our customer experience. We are also trying to revolutionize entrepreneurship itself - proving that diverse teams produce outsized impact. The Rent the Runway Foundation, which our two co-founders launched together in 2015, helps thousands of female entrepreneurs build and scale their own businesses with the mission of increasing the number of high growth women-led companies. Check out our career opportunities at http://www.renttherunway.com/careers

keywords:Automotive

$526.1M

Total Funding

1169

Number of Employees

$172.7M

Revenue (est)

18%

Employee Growth %

$342.3M

Valuation

N/A

Accelerator

Rent The Runway News

2022-04-20 - Rent the Runway reports 91% revenue increase in Q4 2021 year over year

Revenue is up for designer clothing rental company Rent the Runway, as the service looks ahead to a year full of social gatherings prompting...

2022-04-19 - Rent the Runway CEO: Inflation Is an Opportunity

Rent the Runway CEO: Inflation Is an Opportunity. Bloomberg Technology · TV Shows. April 18th, 2022, 3:49 PM PDT.

2022-04-17 - Rent the Runway CEO sees inflation as a competitive advantage for the company

Rent the Runway members pay monthly fees ranging from $94 to $235, to receive between four and 16 different items of designer clothing or...

2021-10-19 - Fashion firm Rent the Runway aims for up to $1.5 billion valuation in U.S. IPO

The company, founded in 2009, lets users rent and shop second-hand clothes and accessories such as handbags and jewelry in over 18,000 styles from more than 750 designer brands. It also allows customers to rent and shop home goods. Rent the Runway plans to sell 15 million shares priced between ...

2021-10-18 - Rent the Runway Targets Valuation of Up to $1.5 Billion in IPO

Rent the Runway Inc. is seeking a valuation of as much as $1.5 billion in its initial public offering next week, in what would cap a comeback for the clothing-rental business. The New York company is aiming to sell shares at between $18 and $21 apiece for a fully diluted valuation of $1.24 bill ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$75M11816%N/A
#2
$236.6M118221%$46.6M
#3
$265.2M11845%N/A
#4
$448.7M1187-4%N/A
#5
$300M11896%N/A

Rent The Runway Funding

DateAmountRoundLead InvestorsReference
2011-05-24$15.0MUndisclosedKleiner Perkins Caufield & ByeArticle
2012-12-03$20.0MUndisclosedAdvance/Conde NastArticle
2013-03-12$24.4MCAdvance Publications IncArticle
2014-12-22$60.0MDTechnology Crossover VenturesArticle
2016-12-28$60.0MEFidelity InvestmentsArticle
2018-03-12$20.0MUndisclosedBlue Pool CapitalArticle
2018-08-03$200.0MUndisclosedTemasekArticle
2019-03-22$125.0MUndisclosedFranklin Templeton InvestmentsArticle