Rent the Runway valued at 1 billion USD with new 125 million USD funding

Rent the Runway has received 125 million US dollars in its largest funding round to date, led by Franklin Templeton Investments and Bain Capital Ventures, with the participation of funds and accounts advised by T. Rowe Price Associates and Hamilton Lane Advisors. The new capital injection increased the company’s valuation to 1 billion US dollars.