By  on March 11, 2013

Rent the Runway closed on its third round of financing, raising $24.4 million.

The round was led by Advance Publications Inc., the parent company of Condé Nast and Fairchild Fashion Media, parent of WWD, and includes American Express and Novel TMT Ventures. Previous investors — Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers — also participated in the latest round. Following the closing of the latest round, Rent the Runway thus far has raised an aggregate of $55.4 million.

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