Rent The Runway, a Netflix for designer clothes, has raised $15 million in funding according to an SEC filing. The startup does exactly what it’s name indicates: it allows anyone to rent designer clothes for a fraction of the price.

Once you pick a design on the site that you’d like to wear, you can schedule a delivery date. Rent The Runway will send two sizes, to ensure that you receive a dress that fits. Rentals on the site run from $50 to $200 for a four night loan, or 10% of the retail price. According to the New York Times report, Bain Capital Ventures provided seed financing for the startup. It appears that Rent The Runway raised $1.5 million according to a previous filing. We’ve contacted the company to confirm the investors and funding and will update when we hear back.

Crunchbase

• RENT THE RUNWAY

Company: Rent the Runway

Website: renttherunway.com

Launch Date: November 9, 2009

Funding: $30M

Rent the Runway is a membership-based website that rents high-end designer apparel and accessories on a 4- or 8-day basis. The company was founded by two Harvard Business School graduates, Jennifer Hyman and Jennifer Carter Fleiss. Launched in November 2009, the website now offers over 25,000 dresses and accessories from over 165 designers such as Badgley Mischka, Vera Wang and Calvin Klein. In 2008, Hyman and Fleiss met as section mates at Harvard Business School. The idea for Rent the...

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