Glossier Is NYC's Newest Unicorn With $1.2 Billion Valuation

Millennial makeup company Glossier Inc. just became New York’s latest tech unicorn.

The beauty startup that sells directly to consumers online is now valued at more than $1.2 billion after its latest funding round, according to two people familiar with the company who didn’t want to be named because the matter is private. Glossier raised $100 million from investors led by Sequoia Capital, the company said in a statement Tuesday.