Rent the Runway

Rent the Runway is an online service that provides designer dress and accessory rentals.

Rent the Runway is transforming the way modern women get dressed - and in turn disrupting the $1.7 trillion fashion industry - through the concept of renting over buying clothing.

Rent the Runway was founded in 2009 by Jennifer Hyman & Jennifer Fleiss. The company is based in New York, New York and has retail locations in New York City, Chicago, Washington, D.C., San Francisco, and Los Angeles.


Rent The Runway has pioneered the closet in the cloud and believe that every person globally will soon have a subscription to fashion. The company has over 9 million members who believe that rental is the future.


Rent The Runway is backed by Franklin Templeton Investments, Bain Capital Ventures, Highland Capital, Kleiner Perkins Caufield & Byers, Condé Nast’s parent company Advance Publications, American Express, & Novel TMT Ventures among others.


Rent the Runway was recently named #5 on CNBC's Disruptor 50 2019 list. In 2018, Rent the Runway was listed as #9 on the CNBC Disruptor 50 list. Rent the Runway has been named one of Fast Company's Most Innovative Companies for two consecutive years in 2018 and 2019. 



  • Year founded: 2009
  • Funding Info: $541.2M in 10 Funding Rounds (Last Funding Type: Series F)- Rent The Runway has also acquired Go Try it On on Jun 25, 2013.
  • Yearly Revenue: $100M (2018)
  • Employee Size: 1000-5000
  • Business Valuation: Valued at over a $1B as of Mar 20, 2019
  • City/Town: New York
  • State: New York
  • Country: United States
Related businesses