Skims has raised a total of $761 million across multiple funding rounds. The brand specializes in inclusive shapewear, underwear, and loungewear, emphasizing body positivity by offering a wide range of sizes and shades. Since its inception, Skims has rapidly expanded its product offerings and market presence, generating $750 million in revenue in 2023 and achieving a valuation of $4 billion.
What is Skims and What Does It Do?
Co-founded by Kim Kardashian, Emma Grede, and Jens Grede, Skims is a fashion brand offering inclusive shapewear, underwear, and loungewear. The company focuses on solutions for every body type, designing products to enhance comfort and confidence. Skims has gained recognition for its innovative designs and commitment to inclusivity, establishing itself as a leading name in the apparel industry.
How Much Funding Has Skims Raised?
- Seed Round
- Amount Raised: $5M
- Date: January 2019
- Lead Investors: Imaginary Ventures
- Motivation: To launch the brand and develop initial product lines
- Series A
- Amount Raised: $154M
- Date: April 2021
- Lead Investors: Thrive Capital
- Valuation at Round: $1B
- Motivation: To scale operations and expand product offerings
- Venture Round
- Amount Raised: $32M
- Date: July 2021
- Motivation: To support rapid growth and market expansion
- Series B
- Amount Raised: $240M
- Date: January 2022
- Lead Investors: Lone Pine Capital
- Valuation at Round: $3.2B
- Motivation: To increase valuation and support rapid growth
- Series C
- Amount Raised: $330M
- Date: July 2023
- Lead Investors: Wellington Management
- Valuation at Round: $4B
- Motivation: To accelerate product innovation and expand retail presence
Total Funding Raised: $761M
Current Valuation: $4B
Latest Funding Date: July 2023
Key Investors
- Wellington Management
- Details: Global investment management firm providing investment solutions to a wide range of clients.
- Investment Focus Areas: Equities, fixed income, alternative investments
- Greenoaks Capital Partners
- Details: Venture capital firm known for investing in high-growth companies.
- Investment Focus Areas: Technology, consumer sectors
- Notable Investments: Coupang, Brex, Robinhood
- D1 Capital Partners
- Details: Investment firm focusing on global opportunities across public and private markets.
- Investment Focus Areas: Global opportunities, public and private markets
- Notable Investments: SpaceX, Instacart
- Imaginary Ventures
- Details: Venture capital firm investing in early-stage consumer brands.
- Investment Focus Areas: Early-stage consumer brands, retail sectors
- Notable Investments: Glossier, Everlane
- Thrive Capital
- Details: Venture capital firm investing in internet and software companies.
- Investment Focus Areas: Internet, software investments
- Notable Investments: Instagram, Slack, Robinhood
Where Is Skims’ Headquarters?
Skims is headquartered in Los Angeles, California, providing access to fashion talent, partnerships, and retail networks that support product development and global distribution.
What’s Next for Skims?
Skims plans to expand into men’s clothing and open its first retail location in 2024. The brand is on track to exceed $1 billion in sales, driven by strong adoption among Gen Z and millennials. Future opportunities include an IPO, but the company will need to manage rapid growth, internal stakeholder dynamics, and maintain a competitive edge in a crowded market.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Skims. Track funding rounds, explore investor portfolios, and leverage actionable insights for smarter business decisions.
Get started for free on TexAu today and turn data into a competitive advantage.
