Kim Kardashian’s SKIMS reaches $4 billion valuation

SKIMS, the shapewear brand founded by Kim Kardashian, reaches a valuation of $4 billion following a successful Series C funding round that raised $270 million.

In the financing round, Wellington Management led the process and included participation from funds such as Greenoaks Capital Partners, as well as existing investors D1 Capital Partners and Imaginary Ventures.

“Wellington’s proven expertise in helping companies successfully navigate key growth stages will be instrumental in cementing SKIMS’ position at the forefront of the retail market and solidifying the brand’s staying power as it moves into this new phase,” a Wellington spokesperson said in a statement.

“The new infusion of funds will be used to further accelerate the brand’s product innovation and new category expansion efforts, as well as help drive its focus on permanently owned retail, including the opening of its Los Angeles flagship in early 2024, which the brand announced last month,” the statement added. “Continuing the momentum behind the brand’s strong partnership pipeline will also remain a top priority.”

This continued growth and expansion adds to the success of SKIMS, which has shown impressive financial performance in a short period of time.

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