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Glossier Raises $100 Million

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By: Jamie Matusow

Editor-in-Chief


It’s full speed ahead for Glossier Inc., which announced that it has raised $100 million in Series D funding to build “the future beauty company in collaboration with its customers.” Sequoia Capital led the round, along with participation from Tiger Global Management, Spark Capital, and existing investors Forerunner Ventures, Thrive Capital, IVP, and Index Ventures.

The company also announced that technology industry veteran Vanessa Wittman—who has held CFO roles at Oath, Dropbox, Motorola Mobility, and Marsh & McLennan—will be joining as its chief financial officer.

Founded in 2014, Glossier’s annual revenue more than doubled in 2018 and surpassed $100 million as a fully direct-to-consumer (DTC) business, while introducing more than 1 million new customers to its portfolio of beauty and skincare products.

In March, Glossier launched a second brand, Glossier Play, as part of a broader strategy to grow by offering more choices to its diverse community.

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