Rent The Runway

Rent The Runway

Retail

Brooklyn, New York 152,108 followers

The world’s first and largest limitless closet. Since 2009, we have changed the way women get dressed - come join us!

About us

Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud, the world’s first and largest shared designer closet. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World."

Website
http://www.renttherunway.com
Industry
Retail
Company size
501-1,000 employees
Headquarters
Brooklyn, New York
Type
Privately Held
Founded
2009
Specialties
retail, technology, fulfillment, logistics, innovation, disruption, entrepreneurial, subscription to fashion, closet in the cloud, leadership, career growth, mentorship, access to executives, and incredible benefits

Locations

Employees at Rent The Runway

Updates

  • Rent The Runway reposted this

    View profile for Jennifer Hyman, graphic
    Jennifer Hyman Jennifer Hyman is an Influencer

    CEO, Co-Founder and Chair of the Board at Rent the Runway

    It's a very exciting time at Rent The Runway as we're focused on innovating our experience to drive significant GROWTH. This means we want customer obsessed leaders who are creative and willing to disrupt traditional ecommerce norms. We have two exciting roles open on our Product Team right now (a Director of Product and a Senior Product Manager) - please reach out if you're interested! Current or former customers encouraged to apply:) https://lnkd.in/gucUZ6Mh

    Director of Product Management

    Director of Product Management

    boards.greenhouse.io

  • View organization page for Rent The Runway, graphic

    152,108 followers

    This Women’s History Month, our CEO & Co-Founder, Jennifer Hyman, is thinking about the change we need to see to get more women to the top in the corporate world. For decades women have had the professional qualifications for upward mobility in their careers, but progress has been too slow. Jenn believes that a key accelerant for women in the workplace is a vocal community of advocates that publicly champion our successes and accomplishments. However, studies show that women are less likely to self-promote their professional accolades than their male counterparts — and because they talk less about themselves, their accomplishments become less visible. Rent the Runway is looking to change the conversation by encouraging women to show off — so that their professional victories become more seen and talked about. It’s this very self-promotion that will enable women to more quickly ascend the corporate ladder. Today, we are hoping to kick off a virtuous cycle of lifting women up through public recognition on LinkedIn. During March, Rent the Runway is gifting $1M in free one month subscriptions of our most popular 10-item plan to women who have recently experienced a recent professional accomplishment that deserves celebrating. You can either self-nominate by commenting on Jenn’s post and sharing an accolade you've recently achieved at work… or you can nominate a friend who’s recently experienced a professional win and tell her story, too. #RTRShowOff #IWD2024

    View profile for Jennifer Hyman, graphic
    Jennifer Hyman Jennifer Hyman is an Influencer

    CEO, Co-Founder and Chair of the Board at Rent the Runway

    In honor of Women’s History Month #IWD2024, Rent The Runway is gifting $1M in subscriptions to women who have recently experienced something awesome in their careers – a promotion, new job, successful launch, etc. The process is easy: self-nominate by commenting on this post and sharing a professional milestone you've recently achieved or nominate a friend and tell her story. One month ago, I had my third baby. I received more positive affirmation and congratulatory sentiment when I shared my son’s birth than I did when I IPO’ed Rent the Runway in 2021. While I appreciate the love of my community, it was a lot easier to give birth than to become the 30th female founder/CEO to take a company public. But, this all makes sense within the context of our culture. We celebrate women more for personal accomplishments than for professional ones. And, as a result, women often feel more comfortable sharing their personal milestones over their professional ones. Sharing an engagement story is the lifeblood of the group chat whereas sharing a big launch at work might feel anything from strange to showing off. As a little girl, there is almost nothing worse than being called a showoff. For girls, bragging is the quickest way to lose friends and become an object of scorn. It’s in the water: be humble, do great things but wait for someone else to recognize them. I was called a showoff as a kid and it stung, but what I remember most is that this insult was almost only used by girls for other girls. Why this matters is that fast forward to the world of work and promoting women’s accomplishments is critical to our continued workplace advancement. Historical performance is a prerequisite – but as you get more senior in an organization, the more you need a community of people singing your praises to get to the next level. Think of this as a personal net promoter score: the more people willing to promote you loudly, the quicker you’ll rise. I believe that if becoming a C-level executive was based on performance alone, closer to 50% of the C-suite would be female. But because it is also based on how we storytell about ourselves and others, women are but a fraction of our leadership.  The more that public celebration of women’s professional accomplishments becomes normalized, the more opportunities we’ll receive. RTR will also be committing $1M in GMV* to Dress for Success Worldwide to ensure that even more women have the attire and confidence they need to excel professionally. How you can nominate a woman (or yourself!) for one free month of RTR’s 10-item plan: - Tag a deserving woman’s name on this post, mention your or her recent accomplishment, and use the hashtag #RTRShowOff - This offer is for new customers only, who are based in the US Valid thru 3/31 or while supplies last, whichever is sooner. US, 18+, new subscribers only. 1 per person. Subscription auto-renews unless canceled/paused. Terms apply: bit.ly/RTRShowOff *Based on MSRP

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  • Rent The Runway reposted this

    View organization page for Rent The Runway, graphic

    152,108 followers

    We are thrilled to announce NATALIE MCGRATH as our new Chief Marketing Officer. Welcome Natalie, we are excited to have you as part of the team as we embark on a new era of growth! Thank you The Wall Street Journal and Katie Deighton for sharing what's ahead for Rent the Runway and our community.  https://lnkd.in/e-JudecZ

    WSJ News Exclusive | Rent the Runway’s Plan for Regrowth Starts With a New Marketing Chief

    WSJ News Exclusive | Rent the Runway’s Plan for Regrowth Starts With a New Marketing Chief

    wsj.com

  • View organization page for Rent The Runway, graphic

    152,108 followers

    We are thrilled to announce NATALIE MCGRATH as our new Chief Marketing Officer. Welcome Natalie, we are excited to have you as part of the team as we embark on a new era of growth! Thank you The Wall Street Journal and Katie Deighton for sharing what's ahead for Rent the Runway and our community.  https://lnkd.in/e-JudecZ

    WSJ News Exclusive | Rent the Runway’s Plan for Regrowth Starts With a New Marketing Chief

    WSJ News Exclusive | Rent the Runway’s Plan for Regrowth Starts With a New Marketing Chief

    wsj.com

  • View organization page for Rent The Runway, graphic

    152,108 followers

    📣 Rent the Runway has launched LUXURY 📣 Our mission has always been to democratize fashion and with the launch of The Vault, we are making luxury more accessible than ever. This collection features high fashion by universally-beloved designers such as Oscar de la Renta, Etro, RACHEL GILBERT, Zac Posen and provides unparalleled access to coveted designer looks retailing for $1,000-$8,000. Our team has built incredible relationships with designers since 2009, and we've gone from convincing brands that rental is the future to seeing some of the biggest fashion houses in the world consider RTR an important customer awareness and acquisition channel. We are thrilled to see this initiative come to life as yet another testament to our commitment to our customer and providing a unique and magical experience. #designer #luxury #rental #fashion

    Rent the Runway Launches 'The Vault' Line with Dresses Seen on Jennifer Lopez and More Stars

    Rent the Runway Launches 'The Vault' Line with Dresses Seen on Jennifer Lopez and More Stars

    people.com

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Funding

Rent The Runway 16 total rounds

Last Round

Series G

US$ 100.0M

See more info on crunchbase