Rent The Runway Growth, Revenue, Number of Employees and Funding

Overview

Location:
Total Funding:$461M
Industry:Retail
Founded:2009
Lead Investor(s):Temasek
Press

City Ranking

Industry Ranking

State Ranking

Growjo 10k Ranking

Revenue & Financials

  • Rent The Runway's revenue is currently $198.3M per year.
  • Rent The Runway received $125.0M in venture funding in March 2019.
  • Rent The Runway's revenue per employee is $214567
  • Rent The Runway's total funding is $461M.

Employee Data

  • Rent The Runway has 924 Employees.
  • Rent The Runway grew their employee count by 38% last year.
  • Rent The Runway currently has 81 job openings.

What Is Rent The Runway?

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

924

Number of Employees

$198.3M

Revenue (est)

81

Current Jobs

38%

Employee Growth %

$461M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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Rent The Runway News

12-Mar-19 - Rent the Runway and West Elm are betting your next comforter will be

In 2018 Rent the Runway — the company that transformed the way people think about buying, and owning, designer apparel and accessories

7-Mar-19 - West Elm is partnering with Rent the Runway to rent out home decor

New York (CNN Business) Top retailers are shifting their strategies to reach shoppers who want to rent home decor instead of buying it.

14-Mar-19 - The New Rental Economy: 5 Startups That, Like Ikea And Rent The

Rent The Runway spotlighted this purchasing proclivity with its recent expansion into reusable home furnishings through a partnership with

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

Rent The Runway Executive Hires

DateNameTitleReference
2015-10-19Scarlett O'SullivanCFOArticle
2016-02-03Koda WangChief Customer OfficerArticle

Rent The Runway New Location/Offices

DateLocationReference
2016-12-06New York City, NYArticle