SHEIN valuation, funding and investors
SHEIN works in fashion and apparel retail, based in Germany. Founded in 2023, it has about 12,600 employees.
- Last round
- Series F · $1.88B · Apr 2022
- Valuation at last round
- $53.70B · implied
- Headcount
- 12,566 · growing
- Grade
- C
- Founded
- 2023
SHEIN valuation today
VCMC values SHEIN at $66.8B today, with a range of $22.9B to $155.9B and a grade of C. The valuation starts from its last funding round, a Series F round in Apr 2022.
Valuation by date (72 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.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $18.3M | $6.67M – $50.4M | $20.4M (+11%) | before first round | 530 | unknown | D | 0% |
| 1 Feb 2021 | $18.5M | $6.73M – $50.8M | $20.6M (+11%) | before first round | 530 | unknown | D | 0% |
| 1 Mar 2021 | $18.7M | $6.79M – $51.2M | $20.7M (+11%) | before first round | 530 | unknown | D | 0% |
| 1 Apr 2021 | $18.8M | $6.85M – $51.7M | $20.9M (+11%) | before first round | 530 | flat | D | 0% |
| 1 May 2021 | $19.0M | $6.91M – $52.2M | $21.0M (+11%) | before first round | 530 | flat | D | 0% |
| 1 Jun 2021 | $19.2M | $6.98M – $52.6M | $21.2M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Jul 2021 | $19.3M | $7.04M – $53.1M | $21.3M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Aug 2021 | $19.5M | $7.10M – $53.6M | $21.5M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Sep 2021 | $19.7M | $7.17M – $54.1M | $21.6M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Oct 2021 | $19.9M | $7.23M – $54.6M | $21.8M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Nov 2021 | $20.0M | $7.30M – $55.1M | $22.0M (+10%) | before first round | 530 | flat | D | 0% |
| 1 Dec 2021 | $20.2M | $7.36M – $55.6M | $22.1M (+9%) | before first round | 530 | flat | D | 0% |
| 1 Jan 2022 | $20.4M | $7.43M – $56.1M | $22.3M (+9%) | before first round | 530 | flat | D | 0% |
| 1 Feb 2022 | $20.6M | $7.49M – $56.5M | $22.5M (+9%) | before first round | 530 | flat | D | 0% |
| 1 Mar 2022 | $34.2M | $14.7M – $68.0M | $37.4M (+9%) | before first round | 1,600 | growing | C | 0% |
| 1 Apr 2022 | $34.5M | $14.8M – $68.5M | $37.7M (+9%) | before first round | 1,600 | growing | C | 0% |
| 4 Apr 2022 | $100.0B | $86.9B – $126.5B | $110.0B (+10%) | after a round | 1,600 | growing | A | 0% |
| 1 May 2022 | $53.7B | $37.8B – $99.1B | $69.8B (+30%) | after a round | 1,600 | growing | B | 0% |
| 1 Jun 2022 | $54.9B | $37.8B – $99.1B | $69.8B (+27%) | after a round | 1,600 | growing | B | 0% |
| 1 Jul 2022 | $56.1B | $37.8B – $99.1B | $69.8B (+24%) | after a round | 1,600 | growing | B | 0% |
| 1 Aug 2022 | $57.4B | $37.8B – $99.1B | $69.8B (+22%) | after a round | 1,600 | growing | B | 0% |
| 1 Sep 2022 | $58.7B | $37.8B – $99.1B | $69.8B (+19%) | after a round | 1,600 | growing | B | 0% |
| 1 Oct 2022 | $60.0B | $37.8B – $99.1B | $69.8B (+16%) | after a round | 1,600 | growing | B | 0% |
| 1 Nov 2022 | $61.3B | $37.8B – $99.1B | $69.8B (+14%) | after a round | 1,600 | unknown | B | 0% |
| 1 Dec 2022 | $62.7B | $37.8B – $99.1B | $69.8B (+11%) | after a round | 1,600 | unknown | B | 0% |
| 1 Jan 2023 | $70.0B | $43.1B – $112.9B | $79.6B (+14%) | after a round | 2,900 | growing | B | 0% |
| 1 Feb 2023 | $72.4B | $43.1B – $112.9B | $79.6B (+10%) | after a round | 2,900 | growing | B | 0% |
| 1 Mar 2023 | $74.6B | $43.1B – $112.9B | $79.6B (+7%) | after a round | 2,900 | growing | B | 0% |
| 1 Apr 2023 | $77.1B | $43.1B – $112.9B | $79.6B (+3%) | after a round | 2,900 | growing | B | 0% |
| 1 May 2023 | $79.6B | $43.1B – $112.9B | $79.6B (0%) | after a round | 2,900 | growing | B | 0% |
| 1 Jun 2023 | $79.6B | $43.4B – $112.9B | $79.6B (0%) | after a round | 2,900 | growing | B | 0% |
| 1 Jul 2023 | $79.6B | $43.6B – $112.9B | $79.6B (0%) | after a round | 2,900 | growing | B | 0% |
| 1 Aug 2023 | $79.6B | $43.9B – $112.9B | $79.6B (0%) | after a round | 2,900 | growing | B | 0% |
| 1 Sep 2023 | $79.6B | $44.1B – $112.9B | $79.6B (0%) | after a round | 2,900 | growing | B | 0% |
| 1 Oct 2023 | $88.9B | $49.6B – $126.1B | $88.9B (0%) | after a round | 4,800 | growing | B | 0% |
| 1 Nov 2023 | $88.9B | $49.8B – $126.1B | $88.9B (0%) | after a round | 4,800 | growing | B | 0% |
| 1 Dec 2023 | $88.9B | $50.1B – $126.1B | $88.9B (0%) | after a round | 4,800 | growing | B | 0% |
| 1 Jan 2024 | $88.9B | $50.4B – $126.1B | $88.9B (0%) | after a round | 4,800 | growing | B | 0% |
| 1 Feb 2024 | $88.9B | $50.7B – $126.1B | $88.9B (0%) | after a round | 4,800 | growing | B | 0% |
| 1 Mar 2024 | $121.7B | $69.7B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Apr 2024 | $121.7B | $70.1B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 May 2024 | $121.7B | $67.0B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Jun 2024 | $121.7B | $67.1B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Jul 2024 | $121.7B | $67.1B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Aug 2024 | $121.7B | $67.2B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Sep 2024 | $121.7B | $67.3B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Oct 2024 | $121.7B | $67.4B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Nov 2024 | $121.7B | $67.5B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Dec 2024 | $121.7B | $67.6B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Jan 2025 | $121.7B | $67.7B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Feb 2025 | $121.7B | $67.7B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Mar 2025 | $121.7B | $67.8B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 Apr 2025 | $121.7B | $67.9B – $172.7B | $121.7B (0%) | after a round | 20,000 | growing | B | 0% |
| 1 May 2025 | $121.7B | $19.8B – $172.7B | $121.7B (0%) | after a round | 20,000 | unknown | D | 0% |
| 1 Jun 2025 | $121.7B | $18.8B – $172.7B | $121.7B (0%) | after a round | 20,000 | unknown | D | 0% |
| 1 Jul 2025 | $28.1B | $15.0B – $76.5B | $16.3B (-42%) | after a round | 8,944 | shrinking | C | 97% |
| 1 Aug 2025 | $27.2B | $14.4B – $75.5B | $15.8B (-42%) | after a round | 9,305 | shrinking | C | 97% |
| 1 Sep 2025 | $26.1B | $13.7B – $74.0B | $15.1B (-42%) | after a round | 9,305 | shrinking | C | 97% |
| 1 Oct 2025 | $37.8B | $13.2B – $147.5B | $24.4B (-35%) | after a round | 9,851 | flat | D | 89% |
| 1 Nov 2025 | $39.8B | $12.5B – $147.3B | $26.5B (-33%) | after a round | 9,851 | flat | D | 82% |
| 1 Dec 2025 | $41.8B | $11.9B – $147.0B | $28.7B (-31%) | after a round | 9,851 | flat | D | 76% |
| 1 Jan 2026 | $43.8B | $11.3B – $146.6B | $30.8B (-30%) | after a round | 9,851 | flat | D | 70% |
| 1 Feb 2026 | $45.8B | $10.8B – $146.3B | $33.0B (-28%) | after a round | 9,851 | flat | D | 64% |
| 1 Mar 2026 | $47.9B | $10.3B – $145.9B | $35.3B (-26%) | after a round | 9,851 | flat | D | 59% |
| 1 Apr 2026 | $52.1B | $14.1B – $152.0B | $40.3B (-23%) | after a round | 11,548 | up | D | 54% |
| 1 May 2026 | $52.2B | $12.7B – $152.0B | $43.5B (-17%) | after a round | 11,543 | up | D | 50% |
| 1 Jun 2026 | $54.3B | $12.4B – $151.8B | $46.7B (-14%) | after a round | 11,543 | up | D | 46% |
| 1 Jul 2026 | $56.5B | $12.1B – $151.6B | $49.8B (-12%) | after a round | 11,543 | up | D | 42% |
| 1 Aug 2026 | $59.4B | $11.9B – $153.6B | $53.9B (-9%) | after a round | 11,881 | up | D | 39% |
| 1 Sep 2026 | $61.5B | $11.6B – $153.6B | $57.0B (-7%) | after a round | 11,881 | up | D | 36% |
| 1 Oct 2026 | $64.6B | $22.4B – $155.9B | $61.0B (-6%) | after a round | 12,566 | growing | C | 33% |
| 24 Oct 2026 | $66.8B | $22.9B – $155.9B | $63.9B (-4%) | after a round | 12,566 | growing | C | 30% |
Key facts about SHEIN
- Founded
- 2023
- Headquarters
- Germany
- Employees
- about 12,600 +28% in a year
- Total raised
- $2.88B
- Funding rounds
- 2
- Last round
- Series F Apr 2022
SHEIN was founded in 2023 by Chris Xu.
SHEIN funding history
SHEIN has 2 funding rounds on record, from Apr 2022 to Apr 2022, $2.88B in total. The latest disclosed valuation is $100.00B post-money (Growth Equity, Apr 2022).
$1.88B
Growth Equity 3 Apr 2022
With General Atlantic, IDG Capital.
Sources: techfundingnews.com, axios.com, techcrunch.com and 1 more
$1.00B
$100.00B post-money
SHEIN investors
4 investors have backed SHEIN.
- General Atlantic 2 rounds
- HSG
- IDG Capital
- Tiger Global Management
What SHEIN does
SHEIN works in clothing stores, with 16 recorded offerings and customers in fashion and apparel, home goods, consumer electronics and toys and games.
SHEIN is a global e-commerce platform engaged in fashion and apparel, offering a broad range of products including women's clothing, men's clothing, children's clothing, footwear, jewelry, beauty products, home textiles, electronics, baby and maternity products, sports and outdoor gear, tools and home improvement items, toys and games, pet supplies, office and school supplies, and automotive products. The company primarily serves customers in Germany and operates as an online retailer, focusing on fast shipping, daily new arrivals, and competitive pricing.
Description from Veridion's company data.
Products and services
- Fashion and Apparel Retail
- Footwear Retail
- Jewelry Retail
- Beauty Product Retail
- Home Textile Retail
- Electronics Retail
- Baby and Maternity Product Retail
- Sports and Outdoor Gear Retail
- Tools and Home Improvement Retail
- Toy and Game Retail
- Pet Supply Retail
- Office and School Supply Retail
- Automotive Product Retail
- Daily Deals Retail
- Fast Shipping Services
- Mobile Shopping App Services
Markets
- Fashion and Apparel
- Home Goods
- Consumer Electronics
- Toys and Games
- Automotive
- Baby and Maternity
- Sports and Outdoor
- Tools and Home Improvement
- Pet Supplies
- Office and School Supplies
Supply chain
- Global Sourcing
- Direct-to-Consumer Distribution
Business model
- Business-to-Consumer
- Retail
- E-commerce
Industry codes (NAICS)
- 458110 Clothing and Clothing Accessories Retailers 75% match
- 458210 Shoe Retailers 15% match
- 456120 Cosmetics, Beauty Supplies, and Perfume Retailers 10% match
Questions about SHEIN
What is SHEIN worth?
Valuation $66.8B (range $22.9B to $155.9B), as of 24 Oct 2026. The last disclosed valuation was $100.00B (Growth Equity, Apr 2022).
Has SHEIN raised money?
SHEIN has 2 funding rounds on record, from Apr 2022 to Apr 2022, $2.88B in total. The latest disclosed valuation is $100.00B post-money (Growth Equity, Apr 2022).
Who has invested in SHEIN?
General Atlantic, HSG, IDG Capital and Tiger Global Management.
How many people work at SHEIN?
About 12,600, up 28% over the last year. Headcount rose from 530 in Jan 2021 to 20,000 in Mar 2024, then fell to 12,566 in Sep 2026.
What does SHEIN do?
SHEIN works in clothing stores, with 16 recorded offerings and customers in fashion and apparel, home goods, consumer electronics and toys and games. Its main offerings are fashion and apparel retail, footwear retail and jewelry retail.
When was SHEIN founded, and where is it based?
SHEIN was founded in 2023 and is based in Germany. It has about 12,600 employees, up 28% over the last year.