Rent The Runway Is The Second Woman-Led Business This Week To Be Valued At $1 Billion



This week is shaping up to be a good one for female-founded businesses. Today, online fashion company Rent the Runway announced that it has reached a $1 billion valuation, making it the second woman-led business (after beauty brand Glossier) to achieve so-called \"unicorn\" status this week.On Thursday, the company announced a new $125 million investment from heavyweights like Bain Capital and Franklin Templeton. These new funds, combined with existing investments, have brought the company’s total raised capital to $337 million, reports Fast Company, thereby elevating its value to a whopping $1 billion.Rent the Runway\'s cofounders, Jennifer Fleiss and Jennifer Hyman, have now joined the ranks of women who are leading unicorn ventures. Others in the club include 23andMe\'s Anne Wojcicki and Linda Avey, and Stitch Fix\'s Katrina Lake. Not far behind these women is young billionaire Kylie Jenner, whose cosmetics company is worth $900 million.Fleiss and Hyman met while completing their MBAs

https://www.refinery29.com/en-us/2019/03/227669/rent-the-runway-billion-dollar-valuation-company-worth?utm_source=feed&utm_medium=rss

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