Funding round
SKIMS Series A
SKIMS, which works in apparel and accessories design in Culver City, raised $154M in a Series A round announced on 9 Apr 2021, led by Thrive Capital, at a $1.00B post-money valuation. 1 firm took part. It is SKIMS' first venture round on record.
$154M
Amount raised
$1.00B
Post-money valuation
1
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced SKIMS at $1.00B after the new money. The $154M bought investors about 15% of the company. It is SKIMS' first venture round on record, 2 years after it was founded in 2019. It is 17% of the $889M SKIMS has raised in the venture rounds on record. SKIMS raised again 9 months later: a Series B round of $240M in Jan 2022, at $3.20B post-money.
SKIMS' funding rounds
SKIMS has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Thrive Capital led the round.
Lead investor
- Thrive Capital backs 130 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time: 2 in Underwear & Lingerie, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Underwear & Lingerie | 30 Aug 2021 | $6.0M | not disclosed | Colt Ventures |
| Underwear & Lingerie | 1 Jan 2022 | $13M | not disclosed | Lightspeed Venture Partners |
| Tamara Payment Processing & Point of Sale | 22 Apr 2021 | $110M | not disclosed | Checkout.com |
| Cosmetic Manufacturing | 8 Apr 2021 | $100M | not disclosed | Berkshire Partners |
| Biotechnology | 15 Apr 2021 | $80M | not disclosed | Vida Ventures |
| Decorators & Interior Designers | 8 Apr 2021 | $78M | $500M | Lightspeed Venture Partners and Eldridge |
| Tech Companies | 28 Apr 2021 | $64M | not disclosed | Israel Growth Partners |
| Biotechnology | 15 Apr 2021 | $63M | not disclosed | aMoon |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did SKIMS raise in its Series A round?
SKIMS raised $154M in its Series A round, announced in Apr 2021.
Who led SKIMS' Series A round?
Thrive Capital led it.
What was SKIMS' valuation at the Series A round?
$1.00B post-money.
Did SKIMS raise again after this round?
Yes: a Series B round in Jan 2022 of $240M at $3.20B post-money.