Franklin Templeton Investments news and trends

Rent The Runway Valued At $1B After Funding Round

March 22, 2019
Rent the Runway
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Rent The Runway Valued At $1B After Funding Round

March 22, 2019
In a round that brought in a $1 billion valuation for the company, clothing subscription service Rent the Runway notched $125 million in funding. Bain Capital Ventures and Franklin Templeton Investments led the investment, according to reports. Rent the Runway CEO Jennifer Hyman said in an announcement, according to reports, “Shared, dynamic ownership is a […]