Rent The Runway Joins The Unicorn Club At A $1 Billion Valuation

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Rent the Runway joins the unicorn club after a $125 million investment

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All existing lead investors have re-invested in this round, reinforcing their belief in the success and continued growth potential of the business. “Rent the Runway has consistently demonstrated an ability to innovate and improve its customer experience and technology. We believe RTR is at the leading edge of driving change in the fashion industry as consumers shift to wanting access, not necessarily ownership, even in apparel,” said Ashley Woodruff, equity research analyst at T.

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