# FIGS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/figs

- Industry: Retail
- Headquarters: Santa Monica, US
- Website: www.wearfigs.com/
- Total disclosed funding: $72M
- Latest round: Series B (Jan 23, 2018)
- Investors on record: 11

## About

Founded in 2013 and based in California, US, FIGS, Inc. operates as an online distributor and provider of medical clothing and apparel. The company is also the developer of FIONTechnology in which the company recycles water bottles to make fabrics. The company was founded by its co-CEOs Heather Hasson and Trina Spear. In May 2021, the firm became a public company with the pricing of its initial public offering at USD 22 a share, valuing the company around USD 4.4 billion on an equity basis. Figs also expanded its stock offering, increasing the number of shares sold from 22.5 million to 26.4 million, raising nearly USD 581 million on the New York Stock Exchange under the ticker FIGS.

The firm sells scrubs and other associated medical apparel and products for all types of medical professionals in a variety of different colors and styles. Its products include scrub tops, scrub pants, under scrubs, lab coats, activewear, face masks and loungewear. The scrubs are made with a proprietary material that is antimicrobial for odor resistance with four-way stretch and pockets. FIGS also operates the threads for threads program that donates sets of scrubs to countries with limited access to medical apparel. The company markets and sells its products through its digital platform comprising a website and mobile app.

## Funding rounds

- Series B, Jan 23, 2018, $65M — Tulco
- Series A, May 5, 2016, $5M — Endeavor Catalyst, Campfire Capital, Fueled
- Seed, Jul 1, 2013, $2M — Mohr Davidow Ventures, 500 Global, Canyon Creek Capital, Karlin Ventures, Crocs Retail, LLC, Sidekick Fund, Align Ventures

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Canyon Creek Capital (https://capitalatlas.ai/funds/canyon-creek-capital) — Seed
- Karlin Ventures (https://capitalatlas.ai/funds/karlin-ventures) — Seed
- Crocs Retail, LLC — Seed
- Sidekick Fund — Seed
- Align Ventures (https://capitalatlas.ai/funds/align-ventures) — Seed
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Campfire Capital (https://capitalatlas.ai/funds/campfire-capital) — Series A
- Fueled — Series A
- Tulco (https://capitalatlas.ai/funds/tulco) — Series B