Kim Kardashian’s Skims Is Worth $4 Billion After New Funding Round

Kim Kardashian’s Skims underwear label has raised fresh funding that values the company at $4 billion.

The $270 million funding round was led by Wellington Management Group and joined by Greenoaks Capital Partners, Skims said in an emailed statement Wednesday. The clothing maker has raised a total of $670 million from investors including D1 Capital Partners and Imaginary Ventures.