QUINCE, A BRIGHT SPOT IN STRUGGLING D2C FASHION SPACE, MORE THAN DOUBLES VALUATION TO $4.5B WITH SECOND RAISE IN 6 MONTHS

Summary from the TLDR Founders newsletter

Quince, an affordable luxury DTC brand, raised $200 million at a $4.5 billion valuation, doubling in six months. Iconiq Capital led the round, boosting Quince's total funding to $461.5 million. Despite challenges in the D2C sector, Quince stands out with fast-growing revenue and popularity among Gen Z and millennials due to its affordable pricing.