By Valentina Zarya.
On Tuesday, the consignment company confirmed that it has raised $50 million from private equity firm Great Hill Partners in the biggest round led by a female-founded company this year, according to data from M&A, private equity, and venture capital database PitchBook.
That brings the company’s fundraising total to $173 million, making it one of the most well-capitalized women-run startups; Rent the Runway has received $179 million in funding so far after closing its Series E round last December. The clothing rental company’s $60 million round was the biggest raised by female founders in recent history, according to Forbes.
Read more at Fortune.