, the direct-to-consumer women’s bra and underwear company, announced today the completion of a $55 million fundraising round. TechCrunch that the company’s valuation reached “over $750 million” thanks to the new fundraising.
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That puts the company on track to reach unicorn status when it raises again. The latest round brings total financing for the six-year-old company to $69 million, a somewhat low figure for a company worth three-quarters of a billion dollars.
ThirdLove’s recent funding round represents around 80 percent of its total funding to date.
A long list of backers participated in the financing, including consumer-brand focused firm and investment bank . Individual investors in the round included , CEO of genetic testing company 23andMe, , CEO of YouTube, and journalist , and others.
ThirdLove’s rise comes during a difficult time for some in its market. Victoria’s Secret has , for example.
San Francisco-based ThirdLove is known for its large size range (it differentiates from other bra-makers by offering half-cup sizes) and its algorithm-powered online fitting application. To date, the company says more than 12 million women have used its Fit Finder app to find their bra size.
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