Quince valuation, funding and investors

Quince works in luxury apparel and home goods retail, based in San Francisco, United States. Founded in 2018, it has about 1,810 employees.

San Francisco Series E

VALUATION · TODAY

$12.02B +11% after Series E

Range $8.78B – $15.37B · Grade A

TODAY

+12 MO

$5.00B

$10.00B

$15.00B

$20.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $8.50M

Series A $50.0M

Series C $120M

Series D $200M

Series E $500M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY1,957 employees

+8%6m growth

+69%1y growth

+345%2y growth

1,000

2,000

3,000

Data from Jan 2021

TODAY

Predicted in 1 yr $13.36B +11% vs today

Predicted next raise $1.47B if a round comes

Winding-down probability 0%

Last round: Series E · $500M · Mar 2026
Valuation at last round: $10.10B
Headcount: 1,957 · growing
Grade: A
Founded: 2018

How VCMC values companies →

Quince valuation today

VCMC values Quince at $12.0B today, with a range of $8.8B to $15.4B and a grade of A. The valuation starts from its last funding round, a Series E round in Mar 2026.

Valuation by date (111 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Quince: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$8.84M	$3.22M – $24.3M	$12.1M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.08M	$3.30M – $24.9M	$12.4M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$9.30M	$3.39M – $25.5M	$12.7M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$9.55M	$3.48M – $26.2M	$13.1M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$9.80M	$3.57M – $26.9M	$13.4M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$10.1M	$3.67M – $27.7M	$13.8M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$10.3M	$3.76M – $28.4M	$14.2M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$10.6M	$3.86M – $29.2M	$14.3M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$10.9M	$3.97M – $29.9M	$14.4M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$11.2M	$4.07M – $30.7M	$14.6M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$11.5M	$4.18M – $31.6M	$14.7M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$11.8M	$4.29M – $32.4M	$14.8M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$12.1M	$4.41M – $33.3M	$15.0M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$12.4M	$4.53M – $34.2M	$15.1M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$12.7M	$4.64M – $35.0M	$15.2M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$13.1M	$4.77M – $36.0M	$15.4M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$13.4M	$4.89M – $36.9M	$15.5M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$13.8M	$5.02M – $37.9M	$15.7M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$14.2M	$5.16M – $38.9M	$15.8M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$14.3M	$5.21M – $39.3M	$15.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$14.4M	$5.26M – $39.7M	$16.1M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$14.6M	$5.30M – $40.0M	$16.2M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$14.7M	$5.35M – $40.4M	$16.4M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$14.8M	$5.40M – $40.7M	$16.5M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$15.0M	$5.45M – $41.1M	$16.7M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$15.1M	$5.50M – $41.5M	$16.8M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$15.2M	$5.55M – $41.9M	$17.0M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$15.4M	$5.60M – $42.2M	$17.1M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$15.5M	$5.65M – $42.6M	$17.3M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$15.7M	$5.70M – $43.0M	$17.4M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$15.8M	$5.75M – $43.4M	$17.6M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$15.9M	$5.80M – $43.8M	$17.8M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$16.1M	$5.86M – $44.2M	$17.9M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$16.2M	$5.91M – $44.6M	$18.1M (+11%)	before first round	–	unknown	D	0%
14 Oct 2020	$56.8M	$37.2M – $172M	$113M (+100%)	after a round	–	unknown	C	0%
1 Nov 2020	$58.7M	$37.2M – $172M	$113M (+93%)	after a round	–	unknown	C	0%
1 Dec 2020	$62.2M	$37.2M – $172M	$113M (+82%)	after a round	–	unknown	C	0%
1 Jan 2021	$66.0M	$37.2M – $172M	$113M (+72%)	after a round	20	unknown	C	0%
1 Feb 2021	$70.0M	$37.2M – $172M	$113M (+62%)	after a round	20	unknown	C	0%
1 Mar 2021	$73.8M	$37.2M – $172M	$113M (+54%)	after a round	20	unknown	C	0%
1 Apr 2021	$78.2M	$37.2M – $172M	$113M (+45%)	after a round	20	flat	C	0%
1 May 2021	$82.8M	$37.2M – $172M	$113M (+37%)	after a round	20	flat	C	0%
1 Jun 2021	$87.8M	$37.2M – $172M	$113M (+29%)	after a round	20	flat	C	0%
1 Jul 2021	$93.0M	$37.2M – $172M	$113M (+22%)	after a round	20	flat	C	0%
1 Aug 2021	$98.6M	$37.2M – $172M	$113M (+15%)	after a round	20	flat	C	0%
1 Sep 2021	$105M	$37.2M – $172M	$113M (+8%)	after a round	20	flat	C	0%
1 Oct 2021	$111M	$37.2M – $172M	$113M (+2%)	after a round	20	flat	C	0%
1 Nov 2021	$113M	$36.1M – $172M	$113M (0%)	after a round	20	flat	C	0%
1 Dec 2021	$210M	$148M – $537M	$378M (+80%)	after a round	20	flat	C	0%
1 Jan 2022	$221M	$148M – $537M	$378M (+71%)	after a round	44	growing	C	0%
1 Feb 2022	$233M	$148M – $537M	$378M (+63%)	after a round	44	growing	C	0%
1 Mar 2022	$243M	$148M – $537M	$378M (+55%)	after a round	44	growing	C	0%
1 Apr 2022	$256M	$148M – $537M	$378M (+48%)	after a round	44	growing	C	0%
1 May 2022	$268M	$148M – $537M	$378M (+41%)	after a round	44	growing	C	0%
1 Jun 2022	$282M	$148M – $537M	$378M (+34%)	after a round	44	growing	C	0%
1 Jul 2022	$296M	$148M – $537M	$378M (+28%)	after a round	44	growing	C	0%
1 Aug 2022	$311M	$148M – $537M	$378M (+22%)	after a round	44	growing	C	0%
1 Sep 2022	$327M	$148M – $537M	$378M (+16%)	after a round	44	growing	C	0%
1 Oct 2022	$343M	$148M – $537M	$378M (+10%)	after a round	44	growing	C	0%
1 Nov 2022	$361M	$148M – $537M	$378M (+5%)	after a round	44	unknown	C	0%
1 Dec 2022	$378M	$148M – $537M	$378M (0%)	after a round	44	unknown	C	0%
1 Jan 2023	$378M	$141M – $537M	$378M (0%)	after a round	44	unknown	C	0%
1 Feb 2023	$378M	$134M – $537M	$378M (0%)	after a round	44	unknown	C	0%
1 Mar 2023	$378M	$128M – $537M	$378M (0%)	after a round	44	unknown	C	0%
1 Apr 2023	$488M	$202M – $692M	$488M (0%)	after a round	140	growing	C	0%
1 May 2023	$488M	$205M – $692M	$488M (0%)	after a round	140	growing	C	0%
1 Jun 2023	$488M	$208M – $692M	$488M (0%)	after a round	140	growing	C	0%
1 Jul 2023	$488M	$211M – $692M	$488M (0%)	after a round	140	growing	B	0%
1 Aug 2023	$488M	$128M – $692M	$488M (0%)	after a round	140	unknown	C	0%
1 Sep 2023	$488M	$122M – $692M	$488M (0%)	after a round	140	unknown	C	0%
1 Oct 2023	$539M	$243M – $765M	$539M (0%)	after a round	220	growing	B	0%
1 Nov 2023	$539M	$246M – $765M	$539M (0%)	after a round	220	growing	B	0%
1 Dec 2023	$539M	$215M – $765M	$539M (0%)	after a round	220	growing	C	0%
1 Jan 2024	$539M	$216M – $765M	$539M (0%)	after a round	220	growing	C	0%
1 Feb 2024	$539M	$216M – $765M	$539M (0%)	after a round	220	growing	C	0%
1 Mar 2024	$573M	$230M – $813M	$573M (0%)	after a round	290	growing	C	0%
1 Apr 2024	$573M	$230M – $813M	$573M (0%)	after a round	290	growing	C	0%
1 May 2024	$573M	$231M – $813M	$573M (0%)	after a round	290	growing	C	0%
1 Jun 2024	$573M	$231M – $813M	$573M (0%)	after a round	290	growing	C	0%
1 Jul 2024	$624M	$253M – $886M	$624M (0%)	after a round	430	growing	C	0%
1 Aug 2024	$628M	$254M – $891M	$628M (0%)	after a round	440	growing	C	0%
1 Sep 2024	$628M	$255M – $891M	$628M (0%)	after a round	440	growing	C	0%
1 Oct 2024	$628M	$255M – $891M	$628M (0%)	after a round	440	growing	C	0%
1 Nov 2024	$659M	$269M – $935M	$659M (0%)	after a round	550	growing	C	0%
1 Dec 2024	$659M	$238M – $935M	$659M (0%)	after a round	550	growing	C	0%
1 Jan 2025	$697M	$247M – $989M	$697M (0%)	after a round	710	growing	C	0%
30 Jan 2025	$1.1B	$717M – $2.2B	$1.4B (+30%)	after a round	710	growing	B	0%
1 Feb 2025	$1.1B	$717M – $2.2B	$1.4B (+30%)	after a round	710	growing	B	0%
1 Mar 2025	$1.1B	$717M – $2.2B	$1.4B (+27%)	after a round	710	growing	B	0%
1 Apr 2025	$1.1B	$717M – $2.2B	$1.4B (+24%)	after a round	710	growing	B	0%
1 May 2025	$1.2B	$717M – $2.2B	$1.4B (+22%)	after a round	710	growing	B	0%
1 Jun 2025	$1.2B	$717M – $2.2B	$1.4B (+19%)	after a round	710	growing	B	0%
1 Jul 2025	$4.5B	$3.9B – $6.7B	$5.8B (+30%)	after a round	1,066	growing	A	0%
2 Jul 2025	$4.5B	$3.9B – $6.7B	$5.8B (+30%)	after a round	1,066	growing	A	0%
1 Aug 2025	$4.6B	$3.9B – $6.9B	$6.0B (+29%)	after a round	1,161	growing	A	0%
1 Sep 2025	$4.7B	$3.9B – $6.9B	$6.0B (+26%)	after a round	1,161	growing	A	0%
1 Oct 2025	$4.8B	$3.9B – $6.9B	$6.0B (+23%)	after a round	1,161	growing	A	0%
1 Nov 2025	$4.9B	$3.9B – $6.9B	$6.0B (+20%)	after a round	1,161	growing	A	0%
1 Dec 2025	$5.2B	$3.9B – $7.3B	$6.4B (+22%)	after a round	1,559	growing	B	0%
1 Jan 2026	$5.4B	$3.9B – $7.4B	$6.4B (+19%)	after a round	1,648	growing	B	0%
1 Feb 2026	$5.6B	$3.9B – $7.4B	$6.4B (+16%)	after a round	1,648	growing	B	0%
1 Mar 2026	$5.8B	$3.9B – $7.6B	$6.6B (+14%)	after a round	1,807	growing	B	0%
12 Mar 2026	$10.1B	$8.8B – $15.1B	$13.1B (+30%)	after a round	1,807	growing	A	0%
1 Apr 2026	$10.3B	$8.8B – $15.1B	$13.1B (+28%)	after a round	1,807	growing	A	0%
1 May 2026	$10.5B	$8.8B – $15.4B	$13.4B (+27%)	after a round	1,957	growing	A	0%
1 Jun 2026	$10.8B	$8.8B – $15.4B	$13.4B (+24%)	after a round	1,957	growing	A	0%
1 Jul 2026	$11.0B	$8.8B – $15.4B	$13.4B (+21%)	after a round	1,957	growing	A	0%
1 Aug 2026	$11.3B	$8.8B – $15.4B	$13.4B (+19%)	after a round	1,957	growing	A	0%
1 Sep 2026	$11.5B	$8.8B – $15.4B	$13.4B (+16%)	after a round	1,957	growing	A	0%
1 Oct 2026	$11.8B	$8.8B – $15.4B	$13.4B (+13%)	after a round	1,957	growing	A	0%
24 Oct 2026	$12.0B	$8.8B – $15.4B	$13.4B (+11%)	after a round	1,957	growing	A	0%

Key facts about Quince

Founded: 2018
Headquarters: San Francisco, United States
Employees: about 1,810 +155% in a year
Total raised: $879M
Funding rounds: 5
Last round: Series E Mar 2026

Quince was founded in 2018 by Becky Mortimer, Sid Gupta, Sourabh Mahajan and Zunu Mittal.

Quince funding history

Quince has 5 funding rounds on record, from Oct 2020 to Mar 2026, $879M in total. The latest disclosed valuation is $10.10B post-money (Series E, Mar 2026).

Series E 11 Mar 2026
Led by ICONIQ Capital; with Basis Set, Wellington Management, WndrCo, MarcyPen Capital Partners, Baillie Gifford, Notable Capital, DST Global, Marcy Venture Partners.
Sources: techfundingnews.com, retailtechinnovationhub.com, allthingsfashiontech.substack.com and 1 more
$500M
$10.10B post-money
Series D 1 Jul 2025
Led by Iconiq Capital; with Wellington.
Sources: us.fashionnetwork.com
$200M
$4.50B post-money
Series C 29 Jan 2025
Led by Notable Capital, Wellington Management.
Sources: emarketer.com, uk.fashionnetwork.com
$120M
Series A 30 Nov 2021
Led by Insight Partners; with Founders Fund, Basis Set, Lugard Road/Luxor Capital, 8VC.
$50M
Seed 13 Oct 2020
With Founders Fund, 8VC, Basis Set.
Sources: globenewswire.com
$8.5M

Quince investors

14 investors have backed Quince; Iconiq Capital, Notable Capital and Wellington Management and 1 more led at least one round.

Iconiq Capital lead, 2 rounds
Wellington Management lead, 2 rounds
Insight Partners lead
8VC 2 rounds
Founders Fund 2 rounds
Baillie Gifford
DST Global
Lugard Road/Luxor Capital
Marcy Venture Partners
MarcyPen Capital Partners
Wellington
WndrCo

What Quince does

Quince works in clothing stores, with 14 recorded offerings and customers in fashion, home goods, hospitality and corporate.

Last Brand, Inc., known as Quince, is an American company engaged in the design, manufacturing, and retail of luxury essentials such as clothing, home goods, jewelry, and beauty and wellness items. The company operates a vertically integrated supply chain, utilizing a factory-direct model to eliminate middlemen and reduce costs. Quince incorporates sustainability practices, including the use of eco-friendly materials such as organic cotton, linen, and recycled polyester, and employs sustainable sourcing and green logistics. The company serves corporate clients, hospitality businesses, and individual consumers, and also provides corporate gifting, interior design, white label, hospitality, branded storefronts, and uniform solutions.

Description from Veridion's company data.

Products and services

Luxury Apparel and Home Goods Retail
Luxury Jewelry and Beauty Product Retail
Gift Card Retail
Corporate Gifting Services
Interior Design Services
White Label Product Customization Services
Hospitality Uniform Supply Services
Branded Storefront Solutions
Sustainable Product Development
Eco-Friendly Material Sourcing and Manufacturing
Ethical Manufacturing Partnership Development
Direct-to-Consumer Distribution
Just-in-Time Inventory Production
Sustainable Logistics Solutions

Markets

Fashion
Home Goods
Hospitality
Corporate

Supply chain

Sustainable Sourcing
Ethical Procurement
Responsible Sourcing
Green Logistics
Vertical Integration
Just-in-Time Inventory

Business model

Business-to-Business
Business-to-Consumer
Manufacturing
Retail
Wholesale
E-commerce

Industry codes (NAICS)

458110 Clothing and Clothing Accessories Retailers 35% match
449129 All Other Home Furnishings Retailers 25% match
458310 Jewelry Retailers 15% match
456120 Cosmetics, Beauty Supplies, and Perfume Retailers 15% match
424350 Clothing and Clothing Accessories Merchant Wholesalers 10% match

Questions about Quince

What is Quince worth?

Valuation $12.0B (range $8.8B to $15.4B), as of 24 Oct 2026. The last disclosed valuation was $10.10B (Series E, Mar 2026).

Has Quince raised money?

Quince has 5 funding rounds on record, from Oct 2020 to Mar 2026, $879M in total. The latest disclosed valuation is $10.10B post-money (Series E, Mar 2026).

Who has invested in Quince?

Iconiq Capital, Notable Capital, Wellington Management, Insight Partners, Basis Set and 8VC, and 8 more. Lead investors include Iconiq Capital, Notable Capital, Wellington Management and Insight Partners.

How many people work at Quince?

About 1,810, up 155% over the last year. Headcount grew from 20 in Jan 2021 to 1,957 in May 2026.

What does Quince do?

Quince works in clothing stores, with 14 recorded offerings and customers in fashion, home goods, hospitality and corporate. Its main offerings are luxury apparel and home goods retail, luxury jewelry and beauty product retail and gift card retail.

When was Quince founded, and where is it based?

Quince was founded in 2018 and is based in San Francisco, United States. It has about 1,810 employees, up 155% over the last year.

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