: Kim Kardashian’s Skims now valued at $4 billion after latest investment round

Kim Kardashian’s Skims Body Inc. startup has raised $270 million in a Series C funding round that values the women’s wear company at $4 billion, according to reports on Wednesday. Wellington Management led the round, with backing from Greenoaks Capital Partners and D1 Capital Partners and Imaginary Ventures. Skims CEO Jens Grede told The New York Times DealBook that the company expects to book $750 million in sales in 2023, up from $500 million in 2022. The company’s valuation stood at about $3.2 billion in 2022. “We’ve had a really good flow of product launches,” Kardashian said in an interview with DealBook. The investment round comes about four years after Skims launched.

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