Rent the Runway seeks funds below last year's $1B valuation
May 22, 2020
Rent the Runway is looking for at least $25 million in financing led by T. Rowe Price at a valuation of about $750 million, according to Bloomberg. That would be a significant cut to the $1 billion it was valued at after a $125 million round last year, according to PitchBook data. The fashion company's plans reportedly aren't final and may change.