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  • Writer's pictureEd Gaines

Rihanna’s lingerie brand Savage X Fenty is now worth $1 Billion.

A round of Series B funding was recently completed for Savage X Fenty, raising $115 million. The money will support the company’s growth and further expansion into retail.

One of the investors to put money into the brand during the funding round was L Catterton, a private equity firm that fashion house LVMH has a stake in.

Other investors in the lingerie brand include Jay-Z’s Marcy Venture Partners, Avenir Growth Capital, TriplePoint Ventures and Sunley House Capital.

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