COMPANY INFO
Skims, officially known as SKIMS Body Inc., is an American apparel company founded on September 10, 2019, by Kim Kardashian, Emma Grede, and Jens Grede. The company specializes in shapewear, loungewear, and underwear, emphasizing body positivity and inclusivity with a wide range of sizes and shades. As of late 2022, Skims has approximately 159 employees and is headquartered in Los Angeles, California. Its website is skims.com, and it operates primarily in the apparel industry. Skims has quickly grown to be a major player in the fashion industry, known for its innovative approach to inclusive sizing and collaborations with major brands and organizations.
Skims Body, Inc., commonly known as Skims, is an American apparel company founded in 2019 by Kim Kardashian, Emma Grede, and Jens Grede. Positioned at the forefront of the shapewear and loungewear industry, Skims champions body positivity and inclusivity through its wide range of sizes and shades. With its headquarters in Los Angeles, approximately 159 employees, and a robust e-commerce presence, Skims has innovated the fashion industry landscape with inclusive sizing, high-profile collaborations, and global expansion.
Since its inception in 2019, Skims has demonstrated an aggressive and effective funding strategy, securing a total of $701 million across five funding rounds. The company has reached key milestones, including achieving a valuation of $1 billion at its Series A and $3.2 billion at Series B, with continued strong performance driving a $4 billion valuation by July 2023. Skims has strategically partnered with leading venture capital investors to support rapid scaling, product development, and international growth, strengthening its market presence while maintaining a sharp focus on inclusivity and brand innovation.
In July 2023, Skims closed its Series C round, raising $270 million led by Wellington Management. The funding was dedicated to scaling operations and fueling further growth as Skims accelerated global expansion and consolidated its market leadership.
The Series B round, completed in January 2022 and led by Lone Pine Capital, brought in $240 million. These funds supported market expansion and operational scaling, enabling Skims to broaden its product offering and geographic reach. The round recognized Skims’ valuation at $3.2 billion, reflecting its rapid ascent in the apparel market.
Skims’ Series A in April 2021, led by Thrive Capital, raised $154 million at a $1 billion valuation. The round’s proceeds were allocated toward product development and initial scaling, setting the foundation for Skims’ meteoric rise and global appeal.
As the lead investor in Skims’ Series C, Wellington Management has played a pivotal role in supporting the company’s operational scaling and international growth, bringing financial expertise and industry insight instrumental to the brand’s latest funding milestones.
Greenoaks Capital Partners has supported Skims through various funding rounds, contributing strategic guidance and growth capital as the brand pursued market expansion and innovation.
Imaginary Ventures specializes in consumer-focused brands and has provided Skims with early-stage backing and expertise crucial to its rapid growth and disruptive market approach.
D1 Capital Partners has participated in key funding rounds, offering venture capital and strategic resources to advance Skims’ investment goals and long-term scaling strategy.
Lone Pine Capital led the Series B round, providing significant investment and playing a key role in enabling Skims’ global market expansion and recognizing its business at a $3.2 billion valuation.
Alliance Consumer Growth has offered both capital and consumer brand experience, supporting Skims’ business development and partnership opportunities within the consumer sector.
Thrive Capital led Skims’ Series A, supplying the initial scaling capital and strategic vision that empowered Skims’ development from a promising newcomer to an industry leader.
B3 Capital has invested in Skims to advance its continued growth, operational efficiency, and market positioning.
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