NEW YORK — Rent the Runway, the online site for dress and accessories rentals, has raised $20 million in its third round of financing.
The latest round was led by Advance Publications Inc., the parent company of Condé Nast and Fairchild Fashion Media, parent of WWD. Other investors include Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers, each of whom has made prior investments in the company. Prior to the latest round of financing, the online rental destination site raised more than $31 million in venture capital funding.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"