Funding round
SKIMS Growth
Reported as "Growth Equity"
SKIMS, which works in apparel and accessories design in Culver City, raised $225M in a Growth round announced on 12 Nov 2025, led by Goldman Sachs Alternatives, at a $5.00B post-money valuation. 2 firms took part. It is SKIMS' fourth venture round on record; the one before was a Series C in Jul 2023.
$225M
Amount raised
$5.00B
Post-money valuation
2
Investors
1 lead
1.3x
Step-up from the Series C
$4.00B in Jul 2023
4.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced SKIMS at $5.00B after the new money, 1.3 times the $4.00B of its Series C (Jul 2023). The $225M bought investors about 4.5% of the company. It came 28 months after SKIMS' Series C. It is 25% of the $889M SKIMS has raised in the venture rounds on record. No later venture round is on record for SKIMS.
SKIMS' funding rounds
SKIMS has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Goldman Sachs Alternatives led the round with 1 other firm.
Lead investor
- Goldman Sachs Alternatives new investor
Also in the round
- BDT & MSD Partners backs 25 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wireless Logic Telecommunications | 3 Nov 2025 | $2.30B | not disclosed | not named |
| Cryptocurrency | 18 Nov 2025 | $800M | $20.00B | Jane Street and DRW |
| FNZ Investment Consultants & Financial Advisors | 12 Nov 2025 | $650M | not disclosed | not named |
| Ripple Cryptocurrency | 5 Nov 2025 | $500M | $40.00B | Fortress Investment Group and Citadel Securities |
| Armis Tech Companies | 5 Nov 2025 | $435M | $6.10B | Growth Equity at Goldman Sachs Alternatives |
| Loans & Financing | 18 Nov 2025 | $400M | not disclosed | ICG |
| Firmus Tech Companies | 14 Nov 2025 | $327M | not disclosed | not named |
| Ramp Tech Companies | 17 Nov 2025 | $300M | $32.00B | Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did SKIMS raise in its Growth round?
SKIMS raised $225M in its Growth round, announced in Nov 2025.
Who led SKIMS' Growth round?
Goldman Sachs Alternatives led it, with BDT & MSD Partners.
What was SKIMS' valuation at the Growth round?
$5.00B post-money.