Venture Capital

Skims Raises Funds At $1.6B Valuation - The New York Times

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A richly valued fundraising deal cements Kim Kardashian’s billionaire status. : By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Pandemic lockdowns that consigned form-fitting clothing to the back of many closets would seem disastrous to Skims, the start-up that made its name with shapewear. But the brand has helped make Kim Kardashian West, its co-founder, a billionaire, DealBook’s Michael de la Merced reports. Skims has raised $154 million at a $1.6 billion valuation, Michael is the first to report.

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