Fundz

Fashion Giant Shein Raises $2 Billion But Lowers Valuation By A Third

May 17, 2023

Amount Raised

$2 Billion

Round Type

Funding Round

OtherSoftwareMobileConsumer GoodsApps

Description

Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street Journal reported on Wednesday, citing people close to the company. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories

Quick answer

Shein raised $2 Billion in a Funding Round round, dated May 17, 2023.

How much did Shein raise?
Shein raised $2 Billion in a Funding Round round on May 17, 2023.
Where is Shein based and how big is it?
Fundz records about 1,200 employees.
Who are the decision-makers at Shein?
Fundz holds 1 contact at Shein. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mobile and Consumer Goods around the same time

Companies in the same sectors as Shein that raised within 45 days of this round, from Fundz verified event records.

  • Digibee raised $60M (Series B) on June 7, 2023.
  • Bluon, Inc. raised $900K on June 30, 2023.
  • Kafene, Inc. raised $13M on June 21, 2023.
  • Blackbird.AI raised $20M (Series B) on June 15, 2023.
  • Outmin raised $2.1M (Seed) on June 5, 2023.
  • Purplle raised an undisclosed amount (Funding Round) on May 24, 2023.

Who to call at Shein, and when

A new round usually means Shein is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Shein raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Shein, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Shein. With Fundz connected, it knows.

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Company Information

Company

Shein

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Fundz sees it the moment Shein raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
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Strategic

ML-powered predictions for Shein's next move

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Shein raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.