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SPANX welcomes Oprah, Reese Witherspoon, Bumble founder as new investors
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Shapewear company SPANX Inc., on Thursday announced a new list of high-profile investors, including Oprah Winfrey, Reese Witherspoon and Bumble dating app founder Whitney Wolfe Herd.
The new investments come after global investment firm Blackstone completed its previously announced majority investment in SPANX at a valuation of $1.2 billion.
"I’m thrilled to welcome Oprah Winfrey, Reese Witherspoon, Whitney Wolfe Herd, G9 Ventures and Able Partners as investors of SPANX!" company founder and executive chairwoman Sara Blakely said in a Thursday statement. "This is an incredible, ‘pinch-me!’ full-circle moment because both Oprah and Reese have been longtime supporters of SPANX, and Whitney has been a gamechanger for women in business."
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