Daily Digest

Rent the Runway Raises $24.4m

Rent the Runway co-founders Jennifer Fleiss and Jennifer Hyman | Source: Guest of a Guest

“Rent the Runway, a website that rents out high-end clothing and accessories to consumers for a few days at a time, has announced a new $24.4 million round of financing, led by Advance Publications, parent company of Condé Nast, with participation from American Express, Novel TMT Ventures and existing investors Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers.”