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Quince raised $500 million in a Series E funding round led by Iconiq, valuing the company at $10.1 billion while achieving over $2 billion in sales.
PRIVATEJul 29, 2026•about 12 hours ago
Amount Raised
$500 Million
Round Type
Series E
CaliforniaE CommerceFashionRetailLifestyleInvestors
Wndr CoWellington ManagementNotable CapitalMarcy Pen Capital PartnersDst GlobalBasis Set VenturesBaillie GiffordIconiq
Description
Quince closed a $500 million Series E funding round led by Iconiq, with notable participation from several investors. The round increased the company's valuation to $10.1 billion. Over the past year, Quince has surpassed $2 billion in sales. The company leverages an AI-driven business model to optimize product demand and inventory.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech
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