{"id":315621,"date":"2025-08-03T22:20:20","date_gmt":"2025-08-03T22:20:20","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/315621\/"},"modified":"2025-08-03T22:20:20","modified_gmt":"2025-08-03T22:20:20","slug":"quince-a-bright-spot-in-struggling-d2c-fashion-space-more-than-doubles-valuation-to-4-5b-with-second-raise-in-6-months","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/315621\/","title":{"rendered":"Quince, A Bright Spot In Struggling D2C Fashion Space, More Than Doubles Valuation To $4.5B With Second Raise In 6 Months"},"content":{"rendered":"

Quince<\/a>, an affordable luxury brand online retailer, has raised $200 million at a valuation of more than $4.5 billion, according to a report from Bloomberg<\/a>.<\/p>\n

Impressively, the deal comes just six months after San Francisco-based Quince announced it had raised $120 million<\/a> in a Series C round of funding. Quince\u2019s new valuation is more than double what it was earlier this year, sources told Bloomberg.<\/p>\n

Iconiq Capital<\/a> reportedly led Quince\u2019s latest financing.<\/p>\n

Founded in 2018, Quince started out selling clothes, touting a sustainable model and shipping directly from factories. Over time, it expanded its offerings and now sells luggage, furniture and home goods as well.<\/p>\n

The direct-to-consumer darling has seen its popularity surge in recent years, thanks in part to going viral on Instagram<\/a> and TikTok<\/a>. The company\u2019s stylish and relatively affordable clothing in particular has fans among Gen Z and millennial shoppers. For example, it markets cashmere sweaters for $50 \u2014 a significantly lower price point than other retailers such as J. Crew<\/a>.<\/p>\n

While some direct-to-consumer space players have struggled as of late, Quince is a bright spot in the industry with Bloomberg<\/a> reporting that \u201cinvestors were impressed by the company\u2019s fast-growing revenue.\u201d<\/p>\n

Per Crunchbase data, with this deal, Quince has raised a total of $461.5 million. Other backers include Insight Partners<\/a>, Wellington Management<\/a>, Founders Fund<\/a>, 8VC<\/a> 1<\/a>\u00a0and FJ Labs<\/a>.<\/p>\n

Quince\u2019s latest round alone matches the $200 million in venture funding that fashion and apparel startups overall have raised so far this year, per Crunchbase data<\/a>. Last year, startups in the space raised just $131.6 million in funding, a sharp decline from the $2.1 billion that went to such companies in the peak year of 2023.<\/p>\n

Related Crunchbase query:<\/p>\n

Related reading:<\/p>\n

Illustration: Dom Guzman<\/a><\/p>\n

<\/p>\n


\n Stay up to date with recent funding rounds, acquisitions, and more with the
\n Crunchbase Daily. \n <\/p>\n","protected":false},"excerpt":{"rendered":"Quince, an affordable luxury brand online retailer, has raised $200 million at a valuation of more than $4.5…\n","protected":false},"author":2,"featured_media":315622,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3094],"tags":[51,3134,3321,16,28591,15,16221],"class_list":{"0":"post-315621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-entrepreneurship","10":"tag-startup","11":"tag-uk","12":"tag-unicorn","13":"tag-united-kingdom","14":"tag-venture"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114967165371670184","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/315621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=315621"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/315621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/315622"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=315621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=315621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=315621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}