About FIGS
FIGS is a company based in Los Angeles (United States) founded in 2013.. FIGS has raised $72 million across 3 funding rounds from investors including Crocs, Tulco and Campfire Capital. The company has 316 employees as of December 31, 2024. FIGS offers products and services including Scrub Tops, Scrub Pants, Scrub Jackets, Underscrubs, and Scrub Caps. FIGS operates in a competitive market with competitors including Jaanuu, Mandala Scrubs, L’Atelier Forte and WonderWink, among others.
- Headquarter Los Angeles, United States
- Employees 316 as on 31 Dec, 2024
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Figs, Inc.
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Annual Revenue
$555.56 M1.82as on Dec 31, 2024
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Net Profit
$2.72 M-87.98as on Dec 31, 2024
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EBITDA
$8.96 M-77.52as on Dec 31, 2024
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Total Equity Funding
$72 M (USD)
in 3 rounds
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Latest Funding Round
$65 M (USD), Series B
Jan 23, 2018
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Investors
Crocs
& 6 more
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Employee Count
316
as on Dec 31, 2024
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IPO & Listings of FIGS
FIGS is a publicly listed company on the NYSE with ticker symbol FIGS in USA, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FIGS
FIGS offers a comprehensive portfolio of products and services, including Scrub Tops, Scrub Pants, Scrub Jackets, Underscrubs, and Scrub Caps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comfortable tops designed for medical professionals' daily use
Durable pants with stretch fabric for healthcare workers' comfort
Warm jackets offering style and protection in medical environments
Layering items for enhanced comfort during long shifts
Headwear for hygiene and style in healthcare settings
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Software Development Team
22 people
Product Management Team
9 people
Legal and Compliance
8 people
Leadership Team
7 people
Operations Team
4 people
Human Resources and Administration
4 people
Senior Team
3 people
General Team
1 people
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Funding Insights of FIGS
FIGS has successfully raised a total of $72M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $65 million completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $65.0M
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First Round
First Round
(21 Jun 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series B - FIGS | Valuation |
investors |
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| May, 2016 | Amount | Series A - FIGS | Valuation | Campfire Capital | |
| Jun, 2013 | Amount | Seed - FIGS | Valuation | Mohr Davidow Ventures , 500 Global |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FIGS
FIGS has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Crocs, Tulco and Campfire Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tulco Holdings is engaged in investing and transforming industries with technology.
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Founded Year | Domain | Location | |
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Campfire Capital is engaged in providing business growth consulting services.
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Founded Year | Domain | Location | |
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Endeavor is focused on supporting high-impact entrepreneurs globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FIGS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FIGS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Figs Comparisons
Competitors of FIGS
FIGS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jaanuu, Mandala Scrubs, L’Atelier Forte and WonderWink, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Performance medical apparel is offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Performance medical wear is offered online for men and women.
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| domain | founded_year | HQ Location |
Medical wear products for men and women are offered online.
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| domain | founded_year | HQ Location |
Online retailer selling medical scrubs, tops, pants, and accessories for workers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Figs
Frequently Asked Questions about FIGS
When was FIGS founded?
FIGS was founded in 2013.
Where is FIGS located?
FIGS is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is FIGS a funded company?
FIGS is a funded company, having raised a total of $72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 21, 2013.
How many employees does FIGS have?
As of Dec 31, 2024, the latest employee count at FIGS is 316.
What is the annual revenue of FIGS?
Annual revenue of FIGS is $555.56M as on Dec 31, 2024.
What does FIGS do?
FIGS was founded in 2013 in Los Angeles, United States, and operates in the medical apparel sector. An internet-first model is used to sell products such as scrub tops, scrub pants, lab coats, underscrubs, outerwear, and accessories. Anti-microbial, wrinkle-resistant, stain-repellent, lint-free, and four-way stretch properties are attributed to the apparel by the company.
Who are the top competitors of FIGS?
FIGS's top competitors include Jaanuu, L’Atelier Forte and Mandala Scrubs.
What products or services does FIGS offer?
FIGS offers Scrub Tops, Scrub Pants, Scrub Jackets, Underscrubs, and Scrub Caps.
Is FIGS publicly traded?
Yes, FIGS is publicly traded on NYSE under the ticker symbol FIGS.
Who are FIGS's investors?
FIGS has 7 investors. Key investors include Crocs, Tulco, Campfire Capital, Endeavor, and Mohr Davidow Ventures.
What is FIGS's ticker symbol?
The ticker symbol of FIGS is FIGS on NYSE.