Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Glossier to expand further, following new fundraising

Glossier shows no signs of slowing down in its quest for global domination. The cult beauty company has announced that it has successfully raised US$100 million in Series D funding to expand even further, following investment from Sequoia Capital, Tiger Global Management, Spark Capital, and existing investors Forerunner Ventures, Thrive Capital, IVP, and Index Ventures. The brand has also appointed a new Chief Financial Officer, in the form of the technology industry veteran Vanessa Wittman.

Body Hero Duo by Glossier - Photo: © Courtesy of Glossier

Body Hero Duo by Glossier - Photo: © Courtesy of Glossier

We are building an entirely new kind of beauty company: one that owns the distribution channel and makes customers our stakeholders,” said Founder and CEO of Glossier Emily Weiss in a statement. “Thanks to this direct relationship with our customers, we have access to endless inspiration for new products, experiences, and ways of building an enduring business - all while staying true to our core belief that beauty should be a celebration of individuality and personal choice.

This is one of the most efficient direct-to-consumer businesses we’ve encountered, and with this new capital, we believe Glossier is well positioned to define the next era of the beauty industry,” added Michael Abramson, Partner at Sequoia.

The move is the latest major milestone for the brand, which was founded in 2014 and went on to achieve rapid global success, quickly carving out a stellar reputation for effective skincare solutions with simple marketing and minimalist packaging. In 2018 the company - which now operates in the US, Canada, the UK, the Republic of Ireland, France, Denmark, and Sweden - saw its revenue surpass the US$100 million mark, having raised $52 million in Series C fundraising last February. And earlier this month, the brand diversified significantly by unveiling ‘Glossier Play,’ a color cosmetics line that was two years in the making. Last year also saw the company open a permanent bricks-and-mortar store in LA as well as a New York flagship.


© 2019 - Premium Beauty News -
latest news
MakeUp in newYork hosted more than 3800 visitors, with a growth of 12% of international guests.

MakeUp in New York moves to Javits Center to continue growing

The latest edition of MakeUp in NewYork was a huge success, announced the organisers. Held at the Center415 on 5th Avenue, in Manhattan, on September 11&12, 2019, the two-day B2B event dedicated to the makeup and skincare supply chain welcomed more than 3800 visitors, with a growth of 12% of international guests. Brazil, Canada, (...)

read more
job opportunities
Experts’ views
Victoria's Secret or the failure of a conservative positioning?

Laurence Bacilieri
Victoria’s Secret or the failure of a conservative positioning?

When the Victoria’s Secret show was cancelled it didn’t come as a surprise. In May, it was reported by The New York Times that the show would no longer be broadcast on network television. “We must evolve and change to grow. With that in mind, we have decided to re-think the traditional Victoria’s Secret Fashion Show". From 2001 to 2018, (...)

read more
E-shop - latest publications
Regulations on the registration of cosmetic products in China (part1)
135.00 € excl. tax
MARKET REPORT : Black & Multi-Hued Beauty Trends
4000.00 € excl. tax
Safety of perfumes and cosmetics. Belarus, Kazakhstan and Russia
200.00 € excl. tax
Go to top ↑


We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies