AmEx Backs The Netflix For Designer Clothes, Rent The Runway

Back in November, we wrote that Rent The Runway, a Netflix for designer clothes, accessories and jewelry, had raised $20 million in funding led by Cond? Nast Publications, with Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers participating. The company is announcing an additional $4.4 million in new funding from new investor American Express and Novel TMT Ventures. This brings the company's total funding to $54 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/5ek81Yq40h8/

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