Locations
New York, NY, USA
industry
Clothing and Apparel · Commerce and Shopping · Consumer Products · Design
Size
201-1000 employees
Stage
Other
founded in
2009
Rent the Runway is an online e-commerce website that allows women to rent designer apparel and accessories. It 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. Founded in 2009 by Jennifer Hyman and Jennifer Fleiss, RTR pioneered the ‘closet in the cloud’ and believes that women everywhere will soon have a subscription to fashion, making renting an indispensible utility while also empowering them to feel like their best selves everyday. RTR carries hundreds of thousands of pieces of apparel and accessories by 550+ designer partners with options for work, weekends and special occasions. The company has built proprietary technology, one-of-a-kind reverse logistics operation, and retail stores of the future that bring the dream closet to life. RTR has raised more than $200M from top-tier investors, has more than eight million users, and prides itself on the entrepreneurial, dream-big culture at the company which employs 1,200 people -- 70% of whom are women and 71% are minority/non-white. In 2015, the co-founders launched the Rent the Runway Foundation, supporting tens of thousands of female entrepreneurs in building and scaling their businesses.
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