According to a representative from SKIMS, Kim Kardashian’s clothing brand, the company has recently completed a Series C funding round of $270 million led by Wellington Management. The funding round included participation from Green Oaks Capital Partners, as well as previous partners D1 Capital Partners and Imaginary Ventures. As a result of the funding, SKIMS has achieved a valuation of $4 billion. The total amount raised by SKIMS now stands at $670 million, which includes previous funding rounds of $240 million in Series B in 2021 and $154 million in Series A in 2020.
SKIMS has enlisted notable personalities such as Ice Spice, PinkPantheress, Carmen Electra, and SZA as stars for their campaigns. The brand, co-founded by Kim Kardashian and Jens Grede in 2019, has seen significant growth. A representative from SKIMS has stated that the brand is expected to achieve net sales of $750 million this year, indicating substantial revenue growth compared to the previous year when it was under $500 million. The increased sales reflect the brand’s success and growing popularity in the market.