Fashion startup Rent the Runway is nearing a deal to raise funds at a 25% discount from its last round, dropping it from “unicorn” status, according to Bloomberg. T. Rowe Price, an existing investor, is expected to lead the $25 million round at a $750 million valuation. The company, which lets customers rent dresses and other clothing, laid off retail staff in March as the coronavirus forced it...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
startups
venture capital
A Long, Strange Trip for the ‘Uber for Nurses’