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About FIGS
Industries
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
IPO
Total Funding
$70M
Headquarters
Culver City, California
Founded
2013
Overview
FIGS specializes in healthcare apparel, particularly focusing on scrubs and other clothing for medical professionals like doctors and nurses. Their products are designed to combine comfort, durability, functionality, and style, making them appealing in a market that often lacks innovation. FIGS operates on a direct-to-consumer model, which allows them to sell their products directly to customers without intermediaries. This approach helps them maintain control over their brand and customer experience while offering competitive prices. Unlike many competitors, FIGS has the largest direct-to-consumer platform in the healthcare apparel industry, enabling them to build a loyal customer base. The company's goal is to celebrate and empower healthcare professionals by providing them with high-quality, stylish workwear that meets their needs.
Simplify's Take
What believers are saying
- FIGS' DTC platform is the largest in the healthcare apparel industry.
- The partnership with Team USA extends through the 2028 Olympics, enhancing brand exposure.
- Growing demand for healthcare workwear supports FIGS' market expansion opportunities.
What critics are saying
- Increased competition could erode FIGS' market share in healthcare apparel.
- Counterfeit products online may damage FIGS' brand reputation and consumer trust.
- Supply chain vulnerabilities could 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 the US Olympic Committee boosts its brand visibility and credibility.
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Funding
Total Funding
$70M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Parental Leave
Wellness Program
Employee Discounts
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Private-equity firm Story3 Capital Partners’ proposal values the company at more than $1 billion.
Scrubs brand Figs announced a multi-year partnership with The U.S. Olympic & Paralympic Committee (USOPC) through 2028's Summer Olympic and Paralympic Games in Los Angeles.
SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS (NYSE: FIGS), the renowned medical apparel brand, announced today a multi-year agreement with The U.S. Olympic Paralympic Committee (USOPC) and The LA28 Olympic and Paralympic Games (LA28), highlighting the Awesome Humans who push the limits every day to support their patients in life’s most critical moments. Beginning with this year’s Olympic and Paralympic Games in Paris, FIGS will outfit the 250+ healthcare professionals supporting Team USA Olympic and Paralympic athletes, and will provide uniforms through the Los Angeles 2028 Olympic and Paralympic Games. “We wanted to choose only the most high-quality apparel for our world class medical staff,” said Peter Zeytoonjian, SVP, Consumer Products of The U.S. Olympic Paralympic Properties (USOPP) and LA28. “Which is why FIGS will continue supporting the Team USA Medical Team through the highly anticipated home games here in Los Angeles.”
FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its 2023 Impact Report.
On June 1, 2021, FIGS announced the closing of its IPO.
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About FIGS
Industries
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
IPO
Total Funding
$70M
Headquarters
Culver City, California
Founded
2013
FIGS is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today