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Why Did Kim & Jens Need Another $225M?

Yes, Skims’ new $225 million capital raise, and $5 billion valuation, is a fabulous headline. But why is the company searching for new funding on the private market in advance of a presumably forthcoming I.P.O.? Is it a sign of strength or distress?

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Kim Kardashian, Jens Grede
The staffing, combined with the new money, indicates that C.E.O. Jens Grede and Kardashian are prepping for the next phase of growth—whether private or public. Photo: David X Prutting/BFA.com
Lauren Sherman
November 13, 2025

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Yesterday, Skims announced that the company had raised $225 million in new capital at a $5 billion valuation led by Goldman Sachs Alternatives with participation from BDT & MSD Partners, the very well-regarded investment mega-boutique started by Michael Dell and run by former Goldman guy and financial zelig Byron Trott. (Who, in our world, famously invested in both Tory Burch and The Row.)

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