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Stock impact report

Term Sheet — Friday, March 22 [Fortune]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Fortune
Term Sheet -- Friday, March 22 BILLION DOLLAR STATUS Rent the Runway reached “unicorn” status yesterday, meaning the company is now valued at more than $1 billion. Rent the Runway, an online clothing rental service, raised $125 million in venture funding from investors including Franklin Templeton Investments, Bain Capital s, and T. Rowe Price. The news comes a week after Glossier, a direct-to-consumer beauty brand, also raised a mega-round of $100 million at a $1.2 billion valuation My colleague Emma Hinchliffe did a Q&A Fortune Hyman How did investors react to you raising money while in your third trimester? Hyman: It’s interesting that the two biggest new investors in Rent the Runway — T. Rowe Price and Franklin Templeton — that the deals were led at those companies by senior women who also happen to be customers of Rent the Runway. They were able to think deeper in their diligence because they already had baseline understanding of what we were doing. Being pregnant wasn’t really a Show less Read more
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