Beauty brand Glossier raises $52 million in funding
Makeup, skincare and fragrance company Glossier has raised $52 million that it says will be used to invest in its customer experience. This brings the company's total funding to $86 million. This latest round of funding was led by IVP and Index Ventures, existing investors. Glossier launched in 2014 and currently ships in the U.S., U.K. and Canada. Based in New York, the company also has offices in London and Montreal, after acquiring a Canadian tech agency, Dynamo. The SPDR S&P Retail ETF is up 8.6% for the last three months, outpacing the S&P 500 index , which is up 4.5% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.