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The Netflix For Designer Clothes, Rent The Runway Raises $20M From Vogue-Publisher Condé Nast And Kleiner Perkins

Rent The Runway, a Netflix for designer clothes, accessories and jewelry, has raised $20 million in funding led by Condé Nast Publications, with all existing investors participating in the fundraising round including Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers. To date, Rent the Runway had raised more than $51 million in venture capital.