FIGS

FIGS

Direct-to-consumer healthcare apparel brand

About

FIGS specializes in healthcare apparel, particularly scrubs and other clothing designed for medical professionals like doctors and nurses. Their products are crafted to provide comfort, durability, and functionality, making them suitable for the demanding environments healthcare workers face. FIGS operates on a direct-to-consumer model, which allows them to sell their products directly to customers, ensuring better control over brand experience and pricing. This approach sets FIGS apart from competitors who often rely on intermediaries. The company's goal is to celebrate and empower healthcare professionals by offering high-quality, stylish workwear that meets their specific needs.

Company Stage

IPO

Employees

201-500

Industries

Healthcare, Consumer Goods

Total Funding

$70M

Headquarters

Culver City, California

Founded

2013


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Simplify's Take

What believers are saying

  • FIGS' multi-year partnership with USOPC boosts brand visibility and credibility.
  • Opening a retail store in LA expands FIGS' market reach and customer engagement.
  • The trend of personalization offers FIGS a chance to enhance customer satisfaction.

What critics are saying

  • Increased competition could erode FIGS' market share in healthcare apparel.
  • Counterfeit products online threaten FIGS' brand reputation and consumer trust.
  • Supply chain vulnerabilities may lead to production delays and increased costs.

What makes FIGS unique

  • FIGS offers antimicrobial, wrinkle-resistant, and stain-repellant scrubs with four-way stretch.
  • The company operates a direct-to-consumer model, enhancing brand control and customer experience.
  • FIGS' partnership with Team USA highlights its premium quality and brand recognition.

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Growth & Insights
Headcount

6 month growth

5%

1 year growth

11%

2 year growth

28%

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