The Series C funding round of $270m (£208.8m) was led by independent investment management firm Wellington Management, and also had “additional participation” from Greenoaks Capital Partners and its existing partners Imaginary Ventures and D1 Capital Partners.

Skims said in a statement that Wellington Management’s track record for successfully helping companies navigate growth will be “critical in solidifying Skims’ position at the forefront of the retail market and cementing the brand’s staying power as it moves into this next phase”.