Rent The Runway is a subscription-based fashion rental platform offering access to designer clothing and accessories. The company provides customers with the ability to rent items a-la-carte or subscribe for unlimited monthly rentals from over 750 designer brands, creating a shared designer closet model known as the Closet in the Cloud.
Rent The Runway is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2009
Employees
1,053
Total Funding
$386.2M
8 rounds
Last Private Valuation
$0.75B
Nov 1, 2020
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $386.2M across 8 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 2020 | Series G | $80M | $0.75B | T. Rowe Price |
| Mar 2019 | Series F | $125M | $1B | Franklin Templeton Investments, Bain Capital Ventures |
| Dec 31, 2016 | Series E | $60M | — | Fidelity Investments |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series F
$1B
Mar 2019
Rent The Runway today
$750M
Nov 2020 · latest mark
Rent The Runway multiple
0.8x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Jennifer Hyman
Co-Founder and CEO
Jenny Fleiss
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Stitch Fix
Personal styling subscription service offering curated clothing selections with AI-powered algorithm recommendations
Nuuly
Clothing rental subscription service offering unlimited monthly rentals with flat monthly fee
Le Tote
Fashion rental and resale platform allowing customers to rent or purchase clothing items
Armoire
Digital closet and clothing rental service for personalized fashion access
thredUP
Online consignment and resale marketplace for secondhand clothing
Swap.com
Peer-to-peer clothing swap and exchange platform
Rent The Runway completed its IPO on October 27, 2021, trading on NASDAQ under ticker RENT. The company raised $357 million at $21.00 per share (upsized offering), with stock opening at $23.00 on the first day of trading before closing at $19.29. The IPO was noteworthy for being the first-ever IPO with a female Founder/CEO, female CFO, and female COO.
Rent The Runway shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Rent The Runway had a valuation of approximately $0.75B at the time of its public offering. Current market capitalization fluctuates with the share price.
Rent The Runway raised $386.2M across 8 disclosed funding rounds prior to its public listing.
Rent The Runway was co-founded by Jennifer Hyman, and Jenny Fleiss in 2009.
Rent The Runway is headquartered in Brooklyn, NY.
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