00:00Kim Kardashian's Skims has raised $225 million in fresh funding, led by Goldman Sachs Alternatives, boosting the company's valuation to $5 billion.
00:10The shapewear and apparel giant is nearing $1 billion in annual sales just six years after launch, with investors like BDT and MSD partners joining the latest round.
00:21The company plans to use the new capital to expand globally, open more brick-and-mortar locations, and grow beyond its digital roots.
00:30The move comes on the heels of its sold-out Nike-Skims collaboration and could delay the brand's long-anticipated IPO.
