Skims Valuation Soars to $5 Billion with $225 Million Funding Round

Shapewear and apparel brand Skims has secured $225 million in new funding led by Goldman Sachs Alternatives, propelling the company’s valuation to $5 billion.

The investment, announced today, November 12, 2025, also includes participation from BDT & MSD Partners’ affiliated funds and comes as Skims approaches $1 billion in annual net sales just six years after its 2019 launch. This substantial funding round represents one of the largest private raises for a U.S. consumer brand this year, signaling continued investor confidence in the direct-to-consumer market.

Skims intends to utilize the capital to accelerate its expansion into brick-and-mortar retail and international markets, alongside continued product innovation and category diversification. Currently operating 18 stores across the U.S. and one in Mexico, the company plans to open additional locations overseas beginning in 2026, aiming to become a “predominantly physical business.” The brand’s recent collaboration with Nike, NikeSkims, which sold out rapidly upon release, demonstrates its ambition to broaden its reach beyond shapewear and into the competitive activewear sector. “This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth,” said CEO and co-founder Jens Grede in a statement.

The new funding may postpone Skims’ initial public offering, which had been considered since 2024, as the consumer IPO market remains cautious. Kim Kardashian, Skims’ chief creative officer, stated, “We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry.” Goldman Sachs Alternatives noted Skims’ position as an “apparel innovator,” and expressed enthusiasm for partnering to drive further growth.

Company officials stated Skims will continue to evaluate opportunities for expansion and innovation as it builds upon its established brand presence.