FIGS Honored by Goldman Sachs for Entrepreneurship

LOS ANGELES, Oct. 17, 2018 /PRNewswire/ -- Goldman Sachs is recognizing FIGS co-founders and  co-CEOs, Heather Hasson and Trina Spear, among the 100 Most Intriguing Entrepreneurs of 2018 at its Builders + Innovators Summit in Santa Barbara, California. Goldman Sachs selected Hasson and Spear as two of 100 entrepreneurs from multiple industries to be honored at the two-day event.

Trina Spear and Heather Hasson started FIGS in 2013 with a mission to revolutionize the $60 billion dollar medical apparel industry by creating the finest medical apparel in the world, sold direct to consumer via a branded e-commerce platform.

Since its launch, FIGS has seen 9,948% revenue growth over the past three years, with annual revenue to top $100 million in 2018.

"A dynamic economy depends on dynamic entrepreneurs who disrupt industries and occasionally give birth to entirely new sectors," said David M. Solomon, Chief Executive Officer of Goldman Sachs. "The purpose of Builders + Innovators is to support emerging leaders in their quests to innovate faster in order to grow their ideas. We are pleased to recognize Heather Hasson and Trina Spear as two of the most intriguing entrepreneurs of 2018."

For nearly 150 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

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About FIGS
The $60 billion medical apparel industry is antiquated, highly fragmented and, until FIGS, was driven solely by low-cost providers offering a limited selection of poor quality products through third party distributors. FIGS is revolutionizing the industry by creating the highest quality medical apparel in the world and by selling directly to medical professionals.

FIGS' foundation is built on product quality, with a relentless focus on three key areas: fabric, fit and function. FIGS developed its proprietary, performance-oriented fabric technology to meet the unique demands of the medical profession.

FIGS' Technical Collection fabric is antimicrobial, wrinkle resistant, stain and liquid repellent, moisture wicking, lightweight, breathable and offers four-way stretch. FIGS' designs are tailored, sophisticated and innovative – incorporating features such as yoga waistbands, smart storage (pockets, zippers, hidden pockets) and inspirational sayings inside each garment that appeal to modern healthcare professionals.

FIGS is the first medical apparel company to sell directly to the consumer through its thoughtful, data-driven e-commerce platform that utilizes predictive analytics, a streamlined UI / UX experience and lifestyle-driven imagery. By offering a branded and customer-centric digital shopping experience, FIGS has changed the way medical professionals think about and purchase their workwear.

FIGS' Threads for Threads initiative is central to the mission and has donated over 500,000 sets of scrubs to healthcare providers in need in over 35 countries around the world.

FIGS has raised $75 million from investors, including most recently $65 million from Tulco (the fourth-largest raise for a female-founded company in 2017), and previously $10 million from Irving Place Capital, Mohr Davidow Ventures, Will Smith and others. FIGS was recognized as Best for the World B-Corp in 2015. FIGS was ranked as Number 21 on Inc. Magazine's Inc. 5000 ranking of the nation's fastest-growing companies in 2018, experiencing a 9,948% growth rate over the prior three years.

SOURCE FIGS

Related Links

http://www.wearfigs.com