What is FIGS?
FIGS operates as a founder-led, direct-to-consumer (DTC) brand focused on celebrating, empowering, and serving healthcare professionals. The company designs and markets technically advanced apparel and lifestyle products that combine comfort, durability, function, and style. By selling directly through its digital platform, FIGS aims to provide a seamless and efficient experience for its target demographic, differentiating itself in the competitive healthcare apparel market through product innovation and a strong brand identity.
How much funding has FIGS raised?
FIGS has raised a total of $652M across 4 funding rounds:
Unspecified
$2M
Series A
$5M
Private Equity
$65M
Share Placement
$580M
Unspecified (2013): $2M with participation from Karlin Ventures, 500.com, Crocs, and Mohr Davidow Ventures
Series A (2016): $5M led by Campfire Capital
Private Equity (2018): $65M supported by Tulco
Share Placement (2021): $580M, investors not publicly disclosed
Key Investors in FIGS
Karlin Ventures
Karlin Ventures is a real estate company focused on creating innovative spaces for leading-edge brands in sectors like life science and technology, aiming to empower tenants to challenge the status quo.
500.com
500.com Limited is a leading online sports lottery service provider in China, approved by the Ministry of Finance to provide online lottery sales services.
Crocs
Crocs, Inc. is a global leader in innovative casual footwear, known for its comfortable and stylish shoes sold worldwide through various channels.
What's next for FIGS?
The substantial enterprise-level funding and recent strategic investment position FIGS for accelerated expansion and further product development. This capital infusion is expected to fuel initiatives aimed at enhancing the customer experience, broadening the product catalog, and potentially exploring new market segments within the healthcare ecosystem. The company's DTC model, combined with its focus on a dedicated professional community, provides a strong foundation for sustained growth and market leadership in the coming years.
See full FIGS company page
