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Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway co-founder and CEO Jennifer Hyman said in a statement. "The apparel and accessories market is …

The Mercedes-AMG GT 4-Door Coupé is on a class of its own

Mercedes-AMG 

The Mercedes-AMG GT 4-Door Coupé, the third vehicle to be entirely developed by Mercedes-AMG directly unites the race-track dynamism of the two-door AMG GT sports car with everyday usability, fused with impressive features and space for up to 5 people.

With this vehicle, Mercedes-AMG is opening up the sports car segment to customers who look to take on the sports car experience with the best driving dynamics while with family and friends.

Mercedes-AMG

It's endowed with top-level longitudinal and lateral dynamics and an impressive silhouette with classic sports car fractions which puts it on the same level as its two-door sibling at the very first glance.

The Mercedes-AMG GT 4-Door Coupé is bundled with a muscular body, powerful fastback highlights and low greenhouse among many other features.




Mercedes-AMG

"The new AMG GT 4-Door Coupé blends the impressive race track dynamism of our two-door sports car with maximum suitability for everyday use. It has a unique way of embodying our brand core of Driving Performance and, with its systematic configuration, it will attract new customers to Mercedes-AMG," Mercedes-AMG GmbH CEO Tobias Moers said in a statement.

Mercedes-AMG

The vehicle's 4.0-litre V8 biturbo engine covers a performance spectrum ranging from 270 kW (367 hp) to 470 kW (639 hp) and delivers incredible utility despite offering contemporary levels of efficiency. It also packs AMG-specific technologies like the fully-variable 4MATIC+ all-wheel drive system and the rapid-shifting AMG SPEEDSHIFT 9G transmission with torque converter geared at improving performance.

Mercedes-AMG

Its interior comes with a number of high-tech features which include innovative control panels like its eight high-resolution display buttons bundled in the centre console which can be intuitively operated. It also features the AMG Performance steering wheel with the new AMG steering wheel buttons, AMG seats and a fully-digital Widescreen Cockpit with the new "Supersport" display style which spotlights its dynamic character.

All of its features stand as a blend of high individualisation and sports car technology with a focus placed on requirements of discerning customers which is made clear with its wealth of equipment packages and individual options.

Mercedes-AMG

With high longitudinal and transverse dynamics made possible through a systematic networking of all its systems, The Mercedes-AMG GT 4-Door Coupé stands in a class of its own and provides a combination of the best available options to its buyers.


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Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


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