![]() In January 2022, SKIMS raised $240 million USD in a Series B fundraising to increase the company’s valuation to $3.2 billion USD. The brand is reportedly in the middle of a fundraising round from mutual funds and family offices that will value the fast-growing business to $4 billion USD.Īccording to WWD, the round has not closed just yet and is currently for a pre-IPO fundraise that will give the company an edge for a potential offering in the next six to 12 months. Original Story: Kim Kardashian appears to be chasing an IPO with her mega influencer shapewear brand SKIMS. “Continuing momentum behind the brand’s robust partnership pipeline will also remain a top priority.” flagship in early 2024, which the brand announced last month,” the statement continued. ![]() “The new infusion of funds will be used to further accelerate the brand’s product innovation and new category expansion efforts, as well as help fuel its focus on permanent owned retail, including the opening of its L.A. “Wellington’s proven track record for successfully helping companies navigate key growth stages will be critical in solidifying SKIMS’ position at the forefront of the retail market and cementing the brand’s staying power as it moves into this next phase,” said a Wellington spokesperson in a statement. The fundraising round, which was spearheaded by Wellington Management, included funds from Greenoaks Capital Partners, as well as existing investors D1 Capital Partners and Imaginary Ventures.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |