Rent the Runway has raised an additional $125M to become NYC’s latest unicorn. The funding is co-led by Franklin Templeton Investments and Bain Capital Ventures with additional participation from funds and accounts advised by T. Rowe Price Associates, Inc. and Hamilton Lane Advisors, on behalf of New York State Common Retirement Fund. That’s right – anyone with NYS pension is now an indirect investor in Rent the Runway. Founded in 2009 by Jennifer Fleiss and Jennifer Hyman, Rent the Runway has now raised a total of $341.2M in reported equity funding with an additional $200M in debt financing from Temasek.
The 2019 NYC Tech Influencers is now live on AlleyWatch. Join us in celebrating 50 individuals that are driving progress and innovation in New York – 2019 NYC Tech Influencers.