Funding round
Quince Series A
Quince, which works in luxury apparel and home goods retail in San Francisco, raised $50M in a Series A round announced on 30 Nov 2021, led by Insight Partners. 5 firms took part, 1 of them already investors. It is Quince's second venture round on record; the one before was a Seed in Oct 2020.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Quince did not disclose a valuation in this round. It came 13 months after Quince's Seed. It is 5.7% of the $879M Quince has raised in the venture rounds on record. Quince raised again 38 months later: a Series C round of $120M in Jan 2025. Its next priced round, a Series D in Jul 2025, valued it at $4.50B.
Quince's funding rounds
Quince has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Insight Partners led the round with 4 other firms. Insight Partners had backed Quince before.
Lead investor
- Insight Partners backs 548 venture-backed companies existing investor
Also in the round
- Founders Fund backs 368 venture-backed companies new investor
- backs 53 venture-backed companies new investor
- Lugard Road/Luxor Capital new investor
- 8VC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series A rounds in Clothing Stores within a year either side disclosed an amount; the median was $11M, and this round was 4.5 times the median. The closest in time, other companies' Series A rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 5 Oct 2021 | $6.0M | not disclosed | Atlantico |
| Clothing Stores | 27 Oct 2021 | $2.9M | not disclosed | BPIFrance |
| Clothing Stores | 10 Jan 2022 | $20M | not disclosed | Balderton Capital |
| Clothing Stores | 4 Jan 2022 | $7.0M | not disclosed | InfoEdge Ventures |
| Clothing Stores | 10 Feb 2022 | $15M | not disclosed | Insight Partners |
| Clothing Stores | 13 Mar 2022 | $15M | not disclosed | Knuru |
| Clothing Stores | 18 Jun 2021 | $12M | not disclosed | Perwyn |
| Clothing Stores | 16 Jun 2021 | $4.1M | not disclosed | Sauce |
Questions
Frequently asked
How much did Quince raise in its Series A round?
Quince raised $50M in its Series A round, announced in Nov 2021.
Who led Quince's Series A round?
Insight Partners led it, with Founders Fund, Basis Set, Lugard Road/Luxor Capital and 8VC.
What was Quince's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Clothing Stores?
13 Series A rounds in Clothing Stores within a year either side disclosed an amount; the median was $11M, and this round was 4.5 times the median.
Did Quince raise again after this round?
Yes: a Series C round in Jan 2025 of $120M.