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Total amount raised
$962 Million
Latest funding date
2026-03-11
Location
Quince has raised funds across eight disclosed rounds, with the latest being a USD 500 million Series E announced in March 2026 and led by ICONIQ Capital at a USD 10.1 billion post-money valuation. The company is backed by investors including DST Global, Notable Capital, Wellington Management, Baillie Gifford, and WndrCo.
What Is Quince?
Quince is a private company based in San Francisco, California, specializing in apparel, home goods, and accessories. The company operates on a factory-direct model, selling products directly from factories to consumers, which allows them to offer high-quality essentials at affordable prices.
Quince has made a significant impact in the e-commerce and retail industries, and its March 2026 Series E valued the business at USD 10.1 billion. The company emphasizes sustainability and ethical manufacturing practices, ensuring that their products are not only luxurious but also environmentally friendly.
How Much Funding Has Quince Raised?
- Round Name: Seed
- Amount Raised: USD 5,000,000
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and establish its initial market presence.
- Round Name: Seed
- Amount Raised: USD 3,500,000
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the team.
- Round Name: Seed
- Amount Raised: USD 6,000,000
- Date: January 2021
- Lead Investors: 8VC, Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the technology platform.
- Round Name: Series A
- Amount Raised: USD 50,000,000
- Date: November 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings.
- Round Name: Series B
- Amount Raised: USD 77,000,000
- Date: May 2023
- Lead Investors: Wellington Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion efforts and disrupt the retail industry with its M2C model.
- Round Name: Series C
- Amount Raised: USD 120,000,000
- Date: January 2025
- Lead Investors: Notable Capital, Wellington Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand product lines.
- Round Name: Series D
- Amount Raised: USD 200,000,000
- Date: July 29, 2025
- Lead Investors: ICONIQ Capital
- Valuation at Round: USD 4.5 billion post-money
- Motivation Behind the Round: To further scale operations and enhance market presence.
- Round Name: Series E
- Amount Raised: USD 500,000,000
- Date: March 11, 2026
- Lead Investors: ICONIQ Capital
- Valuation at Round: USD 10.1 billion post-money
- Motivation Behind the Round: To keep scaling the factory-direct model, with participation from Basis Set Ventures, Wellington Management, WndrCo, MarcyPen Capital Partners, Baillie Gifford, Notable Capital, and DST Global.
Total Amount Raised: USD 961,500,000. Current Valuation: USD 10.1 billion. As of September 2026, the company's latest disclosed round is its March 2026 Series E.
Key Investors
- ICONIQ Capital
- Details: ICONIQ Capital is a global multi-family office and merchant bank. They manage investments for influential families and organizations, and led both the Series D and the Series E at Quince.
- Investment Focus Areas: Technology, media, and telecommunications.
- Notable Investments: Airbnb, Uber, Snowflake.
- Notable Capital
- Details: Notable Capital is a venture capital firm that invests in early to growth-stage companies. They focus on disruptive technologies and innovative business models.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
- Wellington Management
- Details: Wellington Management is one of the largest independent investment management firms in the world. They serve institutional clients and manage a diverse range of assets.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on growth-stage technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Shopify, Twitter, Qualtrics.
- 8VC
- Details: 8VC is a venture capital firm that invests in transformative technology companies. They focus on building and scaling companies that create long-term value.
- Investment Focus Areas: Technology, healthcare, logistics, financial services.
- Notable Investments: Palantir, Wish, Guardant Health.
What's Next for Quince?
Quince closed a USD 500 million Series E in March 2026 at a USD 10.1 billion post-money valuation, more than doubling the USD 4.5 billion valuation set by its USD 200 million Series D in July 2025. The company's factory-direct model sends products from manufacturers to customers, and the new capital supports the continued expansion of that model across apparel, home goods, and accessories.
With USD 961.5 million raised in total and backing from ICONIQ Capital, Wellington Management, Baillie Gifford, DST Global, Notable Capital, WndrCo, MarcyPen Capital Partners, and Basis Set Ventures, Quince has substantial resources behind its growth. The company will still need to optimize its supply chain and maintain product quality at scale while competing with established luxury brands.
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