Rent the Runway Raises $15 Million

New York-based Rent the Runway—which rents out fancy dresses, bridal attire, and accessories—has raised $15 million from Kleiner Perkins Caufield & Byers, according to a press release. The company, which is less than two years old, had previously raised $16 million from Bain Capital Ventures and Highland Capital.

Author: Arlene Weintraub

Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.