Funding round
SKIMS Series B
SKIMS, which works in apparel and accessories design in Culver City, raised $240M in a Series B round announced on 28 Jan 2022, led by Lone Pine Capital, at a $3.20B post-money valuation. 5 firms took part. It is SKIMS' second venture round on record; the one before was a Series A in Apr 2021.
$240M
Amount raised
$3.20B
Post-money valuation
$2.96B pre-money
5
Investors
1 lead
3.2x
Step-up from the Series A
$1.00B in Apr 2021
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced SKIMS at $3.20B after the new money, 3.2 times the $1.00B of its Series A (Apr 2021). The $240M bought investors about 7.5% of the company. It came 9 months after SKIMS' Series A. It is 27% of the $889M SKIMS has raised in the venture rounds on record. SKIMS raised again 18 months later: a Series C round of $270M in Jul 2023, at $4.00B post-money.
SKIMS' funding rounds
SKIMS has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Lone Pine Capital led the round with 4 other firms.
Lead investor
- Lone Pine Capital new investor
Also in the round
- D1 Capital Partners new investor
- Thrive Capital backs 130 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- backs 10 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Underwear & Lingerie:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Underwear & Lingerie | 1 Jul 2022 | $10M | not disclosed | not named |
| Underwear & Lingerie | 18 May 2021 | $44M | not disclosed | TZP Group |
| Underwear & Lingerie | 10 Feb 2021 | $119M | $1.30B | L Catterton |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did SKIMS raise in its Series B round?
SKIMS raised $240M in its Series B round, announced in Jan 2022.
Who led SKIMS' Series B round?
Lone Pine Capital led it, with D1 Capital Partners, Thrive Capital, Imaginary Ventures and Alliance Consumer Growth.
What was SKIMS' valuation at the Series B round?
$3.20B post-money ($2.96B pre-money).
Did SKIMS raise again after this round?
Yes: a Series C round in Jul 2023 of $270M at $4.00B post-money.