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
1,001–5,000
Total Funding
$386.2M
8 rounds
Last Private Valuation
$0.75B
Nov 1, 2020
Paige Thomas became Chief Executive Officer and President on September 14, 2026, succeeding interim CEO Teri Bariquit, who moved to non-executive Chair of the Board.
Ends the permanent-CEO search opened by co-founder Jennifer Hyman's May 2026 departure.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $386.2M across 8 rounds
Last updated 10-01-2026
| 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.
Paige Thomas
Chief Executive Officer and President
Teri Bariquit
Non-Executive Chair of the Board
Dave Loretta
Interim Chief Financial Officer and Treasurer
Sarah Tam
Chief Merchant Officer
Drew Rau
Chief Supply Chain Officer
Cara Schembri
Chief Legal & Administrative Officer; Secretary
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 has traded on Nasdaq under the ticker RENT since its IPO on October 27, 2021, an upsized offering of 17,000,000 Class A shares priced at $21.00 that raised $357 million in gross proceeds. In October 2025 the company closed a recapitalization in which lender Aranda Principal Strategies converted a substantial portion of its debt into common equity while APS, STORY3 Capital Partners and Nexus Capital Management contributed $20 million of cash, reducing total outstanding debt to $120 million and extending its maturity to 2029. The company remains publicly listed on Nasdaq following the transaction.
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 is headquartered in Brooklyn, NY.
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