Consumer tech platform Quince announced a $500 million funding round that brings its valuation to $10.1 billion. The Series E raise, led by ICONIQ, will help the company grow and expand its manufacturer-to-consumer operating model.
Quince combines AI-driven demand forecasting, real-time production planning and direct factory partnerships to change how premium goods like cashmere are produced, priced and distributed. Its technology helps align supply with customer demand to reduce waste, compress supply chains and preserve material standards.
“For decades, consumers have been conditioned to equate higher prices with higher quality,” Matt Lippert, Quince’s chief commercial officer, said in a statement. “We play in categories where quality is tangible and measurable to disprove that assumption. The model is simple: design a different system that eliminates the waste consumers have traditionally paid for in retail.”
