[4][5][6] Spear worked on Wall Street at the time and helped Hasson develop the business idea.

[10] In 2017, Thomas Tull, businessman and founder of Legendary Pictures, invested $65 million in the company and became majority owner of FIGS.

Others who have invested include Will Smith, Irving Place Capital, former Lululemon CEO Christine Day,[8] and Mohr Davidow Ventures.

[1] In December 2015, FIGS was selected to join the Endeavor network, a startup accelerator and mentorship program.

[11] It added face masks to its products during the coronavirus pandemic in 2020,[17] and expanded sales to Australia and the United Kingdom.

[18] Also for the first time, FIGS allowed retail investors early access to purchase shares before the official sale began on the NYSE.

[21] In November 2022, a California jury rejected all claims made by a competitor as "not valid" in a lawsuit alleging FIGS had "false advertising and misleading business practices."

[36][37] In October 2020, FIGS released a promotional video featuring a female osteopathic physician[38] in neon pink scrubs reading a book titled "Medical Terminology for Dummies" while holding it upside down.