Rent the Runway">

Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

clock menu more-arrow no yes mobile

Filed under:

Rent the Runway to Open 15 Stores Thanks to $60M in Funding

New, 1 comment
Photo: <a href="">Rent the Runway</a>
Photo: Rent the Runway

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Rent the Runway just surpassed its goal to raise $50 million dollars by pulling in a cool $60 million after its latest round of funding. Plans for all that cash include opening new stores "across 15 key markets" and adding new women's brands plus a West Coast distribution center. That means rented cocktail dresses will soon be flying around the country at an almost alarming rate.

The money came from the deep pockets of investment firm Technology Crossover Ventures, Highland Capital Partners, Bain Capital Ventures, and Advance Publications, Inc (the parent company of Conde Nast). RTR's CEO and co-founder Jennifer Hyman told Fashinvest, "We're confident that partnering with TCV will help us achieve our goal of inspiring every woman in the United States to have a subscription to fashion."
· Breaking News: Rent the Runway Raises a Cool $60 Million [Fashinvest]
· Rent the Runway Seeks Another $50 Million [Racked]