Rent the Runway rents designer dresses, clothing, and accessories for women through its stores and online. It provides apparel, such as party dresses, gowns, jumpsuits and rompers, outer wear tops and bottoms, and jackets and coats; and jewelry, handbags, scarves, hats, and sunglasses. The Company introduces women to new brands and gives them the opportunity to have an endless closet.

TypePrivate
HQNew York, US
Founded2009
Size (employees)658 (est)+3%
Websiterenttherunway.com
Rent the Runway was founded in 2009 and is headquartered in New York, US
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Key People/Management at Rent the Runway

Maureen Sullivan

Maureen Sullivan

COO
Jennifer Hyman

Jennifer Hyman

Co-Founder & Head of Business Development
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 offices in Beverly Hills, Woodland Hills, New York, San Francisco and in 2 other locations
New York, US (HQ)
163 Varick Street, 5th Floor
Beverly Hills, US
260 Sample Sale LA 265 N Beverly Drive
Chicago, US
710 N Wabash Ave
New York, US
260 5th Ave
San Francisco, US
150 Stockton Street, 5th Floor Union Square
Washington, US
3336 M St NW
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Rent the Runway Financials and Metrics

Summary Metrics

Founding Date

2009

Rent the Runway total Funding

$416.2 m

Rent the Runway latest funding size

$200 m

Time since last funding

2 months ago

Rent the Runway investors

Rent the Runway's latest funding round in August 2018 was reported to be $200 m. In total, Rent the Runway has raised $416.2 m. Rent the Runway's latest valuation is reported to be $800 m.
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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 m

Market valuation

800 m
USDY, 2014

Revenue

44 m
USDY, 2014

Revenue/Employee

105.9 k
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Rent the Runway Operating Metrics

Y, 2016

Paying Customers

6 m
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Rent the Runway Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Go Try It OnJune 25, 2013

Human Capital Metrics

Rent the Runway's employees are reported to be approximately 67% female and 33% male.
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Rent the Runway Online and Social Media Presence

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Rent the Runway News and Updates

Rent the Runway opens physical store in San Francisco

Rent the Runway, the fashion startup that began as a rental service for special occasions and has since evolved over the last couple of years into a service for people also looking to spice up their everyday wear, just opened up its fifth physical, standalone location. The new location, in downtown …

Online Clothing Rental Market 2018 Global Key Players – Chic by Choice, Rent the Runway, Lending Luxury- Analysis and Forecast to 2023

Wiseguyreports.Com Publish New Market Research Report On -“Online Clothing Rental Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2023” Posted via Industry Today. Follow us on Twitter @IndustryToday

Rent the Runway inks $200 million credit facility with Temasek

Rent the Runway today announced that it has partnered with Temasek for a $200 million credit facility. Founded in 2009, Rent the Runway lets users rent items of clothing for special events or occasions, bringing runway styles to folks without the cash to purchase the clothing outright. Rent the Runw…

How These Five Women Entrepreneurs Impressed the Founders of Rent the Runway

Meet the startups that blew everyone away at this year's Project Entrepreneur venture competition.

Rent the Runway extends logistics tools to luxury fashion brands

The clothing rental platform is now sharing is strategies with high-end fashion labels. Since launching in 2009, Rent the Runway has transformed from an evening-wear rental company to, in cofounder and CEO Jennifer Hyman’s words, a full-service “closet in the cloud,” offering members clothes and acc…

Rent the Runway Introduces Lower Price Subscription Plan

At $89 per month, 'RTR Update' will aim to attract more millennial consumers to the clothing rental service.
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Rent the Runway Company Life and Culture

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