Initialized Capital, a venture firm based in San Francisco, has hired Rent the Runway co-founder Jenny Fleiss as a new partner.

In June, the firm posted it was conducting an open search for a new partner. A public listing is a rarity in the venture capital world — a step the company said it took in order to move toward “more transparent and equitable opportunities” in the industry. Fleiss’s hiring brings the firm’s total number of partners to five, four whom are women.