Funding round
SKIMS Series C
SKIMS, which works in apparel and accessories design in Culver City, raised $270M in a Series C round announced on 19 Jul 2023, led by Wellington Management, at a $4.00B post-money valuation. 4 firms took part. It is SKIMS' third venture round on record; the one before was a Series B in Jan 2022.
$270M
Amount raised
$4.00B
Post-money valuation
$3.73B pre-money
4
Investors
1 lead
1.3x
Step-up from the Series B
$3.20B in Jan 2022
6.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced SKIMS at $4.00B after the new money, 1.3 times the $3.20B of its Series B (Jan 2022). The $270M bought investors about 6.8% of the company. It came 18 months after SKIMS' Series B. It is 30% of the $889M SKIMS has raised in the venture rounds on record. SKIMS raised again 28 months later: a Growth round of $225M in Nov 2025, at $5.00B post-money.
SKIMS' funding rounds
SKIMS has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Wellington Management led the round with 3 other firms.
Lead investor
- Wellington Management new investor
Also in the round
- Greenoaks backs 77 venture-backed companies new investor
- D1 Capital Partners new investor
- backs 37 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: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 26 Jul 2023 | $280M | not disclosed | not named |
| MUSINSA Clothing Stores | 19 Jul 2023 | $190M | $2.76B | KKR |
| Chemicals | 11 Jul 2023 | $77M | not disclosed | Innovation Industries |
| Tech Companies | 27 Jul 2023 | $75M | not disclosed | Vista Credit Partners |
| Payment Processing & Point of Sale | 17 Jul 2023 | $72M | $900M | Marshall Wace |
| Dairy Products - Farms & Stores | 12 Jul 2023 | $70M | not disclosed | GroundForce Capital |
| Dairy Products - Farms & Stores | 12 Jul 2023 | $70M | not disclosed | GroundForce Capital |
| Preply Language & Speaking Schools | 19 Jul 2023 | $70M | not disclosed | Horizon Capital |
Sources
Where this comes from
Reported by 3 sources. 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 C round?
SKIMS raised $270M in its Series C round, announced in Jul 2023.
Who led SKIMS' Series C round?
Wellington Management led it, with Greenoaks, D1 Capital Partners and Imaginary Ventures.
What was SKIMS' valuation at the Series C round?
$4.00B post-money ($3.73B pre-money).
Did SKIMS raise again after this round?
Yes: a Growth round in Nov 2025 of $225M at $5.00B post-money.