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Glossier Raises $52 Million in Series C Funding

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Glossier has accumulated $52 million in Series C funding, reports TechCrunch.

With this latest round, the millennial-focused company has now raised a total of $86 million.

IVP and Index Ventures, earlier investors, led the financing. Though Glossier does not disclose revenue, it told TechCruhch that, in 2017, earnings tripled over the previous year. Additionally, it has opened offices in London and Montreal and acquired boutique Canadian digital strategy studio Dynamo.

Founder Emily Weiss told New York magazine that the company’s showroom in New York City’s SoHo neighborhood “generates more sales revenue per square foot than the average Apple store.”

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