The fashion rental service boosted its total funding to $116m with a $60m round backed by existing investor Advance Publications, the parent company of Conde Nast.
Rent the Runway, a US-based service that enables users to rent high fashion items, secured $60m on Friday from investors including media company Advance Publications.
Growth capital firm Technology Crossover Ventures led the round, which included backing from Bain Capital Ventures and Highland Capital Partners.
Advance Publications, the parent company of Conde Nast, led the company’s $24.4m series C round in March 2013, which also featured payment services provider American Express, Novel TMT Ventures and Kleiner Perkins Caufield & Byers,…
