Kim Kardashian’s Skims Hits $5B Valuation After Latest Funding Round

Kim Kardashian’s shapewear empire just hit another major milestone — her company Skims is now valued at a staggering $5 billion after raising $225 million in new funding to fuel global expansion. According to the New…

Andrew PowellNov 13, 20252 min read

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reach this exciting new chapter, becoming a global omnichannel retail brand,” Kardashian said in a statement.

The company plans to use the new funding to expand its physical presence, opening additional stores in major international markets. Skims currently operates 18 storefronts across the U.S. in cities such as New York, Los Angeles, Austin, Atlanta, and Boca Raton, Florida.

Skims has also made a name for itself in the sports world, serving as the official underwear partner for the NBA, WNBA, and USA Basketball. A highly anticipated collaboration with Nike, called NikeSkims, is set to debut soon and will feature “sport-ready shapewear,” including fitted jackets, leggings, and sports bras.

Beyond apparel, Kardashian appears to be eyeing a renewed push into beauty. Earlier this year, Skims bought back the 20% stake it previously sold in Kardashian’s beauty brand to Coty and recently hired Diarrha N’Diaye — founder of Ami Colé and former Glossier executive — to lead its beauty and fragrance division.

The company’s recent launch of the $48 Seamless Sculpt Face Wrap, which promises “targeted compression for shaping & sculpting,” hints at potential expansion into beauty and skincare tools.

Investors like Wellington Management, D1 Capital Partners, Thrive Capital, and Imaginary Ventures have all backed the brand, which some speculate could go public in the near future. However, co-founder Grede has downplayed those rumors for now.

“We might make that position in the future, but that’s not what I’m thinking about,” he told WWD last year.