#LUXURY RENTAL #E-COMMERCE #FUNDING ROUND: RENT THE RUNWAY RAISES $60 MILLION

Industry: Luxury

Location: U.S.A

Related to: Luxury rental

Reviewer: Morun HE – Parsons School of Design

Company: Rent the Runway

Website: techcrunch.com

About：

New York-based company Rent the Runway has made it affordable for women to rent luxury goods including clothes, bag, and shoes on special occasions, and it has owned 6 million members across the United States.

WASHINGTON, DC – NOVEMBER 24: General view of General view of The Rent the Runway DC store Opening at Rent The Runway on November 24, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images for Rent The Runway)

Recently, Rent the Runway has confirmed that it raised $60 million in a funding round led byFidelity Investments.Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round.