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Coronavirus Prompts Rent the Runway to Think Beyond Rentals

by Bioreports
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Rent the Runway is raising a new round of financing and is focusing on selling clothes, not just renting them, after the startup suffered a near-fatal blow from a coronavirus pandemic that has kept women home for most of the year.

The New York company raised roughly $100 million in new debt and equity financing this week, as it continues to work toward a public offering. This funding represented a continuation of a $25 million funding round this summer that valued Rent the Runway around $750 million, according to people familiar…

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