Glossier is now a unicorn. The New York-based beauty brand is valued at $1.2 billion following its latest funding round, a source says
The New York-based beauty brand is now valued at $1.2 billion following its latest funding round, according to a source familiar with the deal. Glossier's $100 million funding round was led by Sequoia Capital. It also included new investors Tiger Global Management and Spark Capital, as well as existing investors such as Forerunner Ventures and Thrive Capital.Glossier's annual revenue more than doubled in 2018 and surpassed $100 million, according to the company.
She used it to launch beauty and skincare brand Glossier four years later, which offers simple and affordable products. Emily Weiss, founder and CEO of Glossier.Glossier has since attracted a cult-like following with nearly 2 million followers on Instagram. Weiss has been credited with being especially effective at using social media to reach customers. In 2017, Weiss told CNN she realized she could use social media to talk to customers directly and create something that suited their needs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett offers $1 million for life for perfect Sweet 16 bracket (to employees only)Warren Buffett said that any employee of his company, Berkshire Hathaway, to accurately predict the Sweet 16 will win $1 million a year for life.
Read more »
The $1 Million HOA Blowup: It Started With the Misplaced Flower PotsA resident in a Kansas neighborhood, who says his freedom is being infringed, battles a homeowner association that says it is holding chaos at bay.
Read more »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
Read more »
11 creative ways people have made $1 millionGetting rich is a long-term game, for the most part — but there are some less conventional ways to make millions relatively quickly.
Read more »
$1 billion Sequoia-backed data startup Health Catalyst has picked lead banks for its IPOHealth Catalyst, a Utah-based healthcare data startup, has taken early steps toward an initial public offering.
Read more »
Flooding Hits Nebraska and Iowa’s Agriculture IndustriesNebraska’s agricultural sector could be facing nearly a billion dollars in damage and losses after a blizzard and record flooding across the Midwest, according to early estimates from state and industry officials.
Read more »
2020 Democrats build campaign war chests, $1 at a timeThe 2020 presidential election is still 20 months away, but one campaign battle is already raging: the fight for America's small-dollar contributions. With all 12 major Democratic White House candidates shunning donations from corporations and political action committees, or PACs, they have turned
Read more »
2019 March Madness Bracket Contest Prize: $1 Million A Year For Life From Warren BuffettFamed investor Warren Buffett is offering his nearly 400,000 employees at Berkshire Hathaway companies a chance to win $1 million a year for life. The catch: You need to pick the correct Sweet 16 in the men’s NCAA basketball tournament.
Read more »
New Relic Sets Its Sights On $1 Billion In RevenueStrong demand for New Relic's APM platform puts the company on track to meet its major revenue milestone.
Read more »
India's L&T to spend up to $1 billion in hostile Mindtree takeover-reportIndian conglomerate Larsen & Toubro (L&T) will spend up to 70 billion rupees ($1...
Read more »