Quince Eyes $10B+ Valuation, Doubling in Months
DTC luxury retailer Quince is in funding talks at more than double its July valuation, with revenue nearing $2B.
Quince, the online direct-to-consumer luxury brand, is in discussions to raise a new funding round at a valuation exceeding $10 billion. That's a staggering jump from the $4.5 billion price tag it carried just months ago in July.
The company's annualized revenue run rate has hit approximately $2 billion, fueling investor appetite for the fast-growing retailer.
The potential raise would mark one of the more aggressive valuation leaps in recent e-commerce history. More than doubling your valuation in under a year tends to get attention.
Details on which investors are at the table or the size of the round remain undisclosed. But the numbers speak loudly — Quince has clearly found a formula that resonates, scaling its luxury-for-less pitch at a pace most DTC brands can only dream about.