Saks OFF 5TH has raised a total of $200 million, most recently secured in a June 2021 equity investment led by Insight Partners at a valuation of $1 billion. Since its founding in 1990, the off-price fashion retailer has evolved its digital and store operations to capture luxury designer goods at value pricing. The June 2021 funding is aimed at accelerating its e-commerce business as a standalone entity, enhancing fulfilment, expanding online reach and improving omnichannel integration. Positioned to strengthen its share in the off-price luxury market, Saks OFF 5TH now focuses on digital scale and customer experience.