© Reuters. Makeup brand Glossier raises $100 million just after sales double in 2018

(Reuters) – Glossier Inc has raised $100 million in a funding round led by Sequoia Capital, it mentioned on Tuesday, as the millennial-favourite cosmetics business readies new merchandise just after doubling sales final year.

The series D funding round integrated some current investors as properly as new investors Tiger Worldwide Management and Spark Capital. The Wall Street Journal reported that Glossier was now valued at $1.two billion.

Recognized for its “millennial pink” packaging, Glossier merchandise have been worn by Beyonce, Chrissy Teigen, Miranda Kerr and other celebrities. The business, launched in 2014 as an just about exclusively on the web organization, now counts almost two million Instagram followers.

Glossier’s annual income doubled in 2018, though its direct-to-customer organization crossed $100 million in income, it mentioned.

The business also announced it had hired technologies business veteran Vanessa Wittman as chief economic officer.

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