New York – January 5, 2017 – Cooley advised fashion e-commerce company Rent the Runway on its $60 million Series E financing. Fidelity Investments led the round, with participation from Technology Crossover Ventures, Bain Capital Ventures and Cooley clients Highland Capital Partners and Advance Publications.
According to the company, this latest round brings total investment to $190 million, and will be used to accelerate the company's growth as it continues scaling its a la carte and subscription rental products, retail stores and operational capacity.
Rent the Runway is revolutionizing fashion by enabling millions of women to rent designer apparel and accessories, both on-demand and through its subscription service Unlimited. The company focuses on convenience and a top-notch customer experience on all of its platforms, including mobile, online and retail locations in Chicago, New York City, Washington, DC, Los Angeles, San Francisco and Las Vegas.
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