Rent the Runway raises $60 million

WASHINGTON, DC - NOVEMBER 24: General view of General view of The Rent the Runway DC store Opening at Rent The Runway on November 24, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images for Rent The Runway) Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More