economy

March 12, 2026

Quince hits $10B valuation with giant $500M round led by Iconiq

E-commerce company Quince has raised another massive round, less than a year after its previous raise.

Quince hits $10B valuation with giant $500M round led by Iconiq

TL;DR

  • Quince raised $500 million in a Series E round at a $10.1 billion valuation.
  • This valuation is more than double its Series D round valuation of $4.5 billion in early 2025.
  • The company uses a "manufacturer-to-consumer" model, owning its tech stack, designs, and manufacturing.
  • Quince offers apparel, home goods, accessories, beauty, and wellness products, starting with a $50 cashmere sweater.
  • The company claims its model allows for higher quality products at low costs with less waste.
  • Quince has faced lawsuits from brands like Coach parent Tapestry and Williams Sonoma, alleging design dupes, though a footwear case was ruled in Quince's favor.
  • The company's top-line revenue has exceeded $1 billion.
  • Quince expanded to Canada in January.

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