OverviewSuggest Edit

Rent the Runway is a company that rents designer dresses, clothing, and accessories for women through its stores and online. It provides apparel, such as party dresses, gowns, jumpsuits and rompers, outerwear tops and bottoms, and jackets and coats; and jewelry, handbags, scarves, hats, and sunglasses.

TypePrivate
Founded2009
HQNew York, US
Websiterenttherunway.com
Employee Ratings2.7
Culture scoreB-

Latest Updates

Employees (est.) (May 2020)1,152(-6%)
Job Openings1
Revenue (Y, 2014)$44 M

Key People/Management at Rent the Runway

Maureen Sullivan

Maureen Sullivan

COO
Jennifer Hyman

Jennifer Hyman

CEO and Co-Founder
Jennifer Fleiss

Jennifer Fleiss

Co-Founder and Head of Business Development
Beth Kaplan

Beth Kaplan

Board Member
Scarlett OSullivan

Scarlett OSullivan

CFO
Inna Vartelsky

Inna Vartelsky

VP, Controller
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Rent the Runway Office Locations

Rent the Runway has an office in New York
New York, US (HQ)
Hudson Street, 345 Hudson St Floor 6
Show all (1)

Rent the Runway Financials and Metrics

Summary Metrics

Founding Date

2009

Rent the Runway total Funding

$521 m

Rent the Runway latest funding size

$125 m

Time since last funding

a year ago

Rent the Runway investors

Rent the Runway's latest funding round in March 2019 was reported to be $125 m. In total, Rent the Runway has raised $521 m. Rent the Runway's latest valuation is reported to be $1 b.
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Rent the Runway Revenue

Rent the Runway's revenue was reported to be $44 m in Y, 2014
USD

Revenue (Y, 2014)

44.0m

Market valuation

1.0b
USDY, 2014

Revenue

44.0m
USDY, 2014

Revenue/Employee

105.9k
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Rent the Runway Operating Metrics

Y, 2016

Office and Retail Space, square feet

8 k

Paying Customers

6 m
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Rent the Runway Acquisitions / Subsidiaries

Company NameDateDeal Size
Go Try It OnJune 25, 2013

Rent the Runway Online and Social Media Presence

Embed Graph

Rent the Runway Company Culture

  • Overall Culture

    B-

    70/100

  • CEO Rating

    B

    73/100

  • Compensation

    C-

    60/100

Learn more on Comparably

Rent the Runway News and Updates

Rent the Runway Nears Funding Below Last $1 Billion Value

Rent the Runway Nears Funding Below Last $1 Billion Value

Coronavirus Layoffs: Rent The Runway Latest To Let Workers Go Amid Pandemic

The national crisis, spurred by the spread of coronavirus, has impacted nearly every industry.

Where do clothing rental and subscriptions like Rent the Runway fit in a world that works from home?

Reevaluating on-demand clothing when all events are canceled and everyone works from home.

Clothing rental service Rent the Runway lays off workers amid coronavirus outbreak

U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak.

Rent the Runway adds a new subscription option that allows renters to swap clothes more often

Rent the Runway hopes a new membership option will encourage even more women to buy fewer clothes, and turn to renting.

These 14 startups let you rent everything from bulldozers to Cartier jewelry — and show how VCs are betting big on the Rent the Runway mentality

The share economy is booming, with giants like Airbnb and Rent the Runway as well as a long list of smaller startups targeting specific markets. From construction equipment and RVs to party supplies and luxury jewelry, consumers have the ability to rent almost anything. Some of these startups are …
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Rent the Runway Frequently Asked Questions

  • When was Rent the Runway founded?

    Rent the Runway was founded in 2009.

  • Who are Rent the Runway key executives?

    Rent the Runway's key executives are Maureen Sullivan, Jennifer Hyman and Jennifer Fleiss.

  • How many employees does Rent the Runway have?

    Rent the Runway has 1,152 employees.

  • What is Rent the Runway revenue?

    Latest Rent the Runway annual revenue is $44 m.

  • What is Rent the Runway revenue per employee?

    Latest Rent the Runway revenue per employee is $38.2 k.

  • Who are Rent the Runway competitors?

    Competitors of Rent the Runway include Le Tote, Stitch Fix and Swap.com.

  • Where is Rent the Runway headquarters?

    Rent the Runway headquarters is located at Hudson Street, 345 Hudson St Floor 6, New York.

  • Where are Rent the Runway offices?

    Rent the Runway has an office in New York.

  • How many offices does Rent the Runway have?

    Rent the Runway has 1 office.