Glossier Raises $80 Million in Funding

Glossier (New York) has reportedly secured $80 million in a Series E funding led by Lone Pine Capital, according to a press release. Other participating existing investors included Forerunning Ventures, IVP, Index Ventures, Thrive Capital and Sequoia Capital.

Glossier announced last month that they planned to reopen permanent brick-and-mortar stores starting in Los Angeles, London and Seattle.

Emily Weiss, Founder and CEO, Glossier, says, “When Glossier launched as a digitally native beauty company, we were an anomaly in our industry, which has been slow to innovate beyond brick and mortar. Now, nearly seven years into Glossier’s journey, our strategy and the expectations of beauty consumers everywhere are aligned: beauty discovery increasingly begins online as people look for inspiration from friends and strangers alike, and customers want to move fluidly between immersive and personalized e-commerce and retail experiences. This is the future we’ve always been building for.”