Funding – Beautifaire

5 Apr

MakeUp HerStory: LYS Beauty’s Tisha Thompson Secures Series A

Composite by India Espy-Jones Welcome to MakeUp HerStory. In honor of Women’s History Month, we’ll be highlighting Black women in beauty who're taking the industry by storm and making history in their very own right. Each week throughout March, talent—everyone from rising beauty brand founders, to behind-the-scenes PR mavens—will discuss their profession journeys, biggest inspirations, and more. When Tisha Thompson launched LYS Beauty in 2021, she got down to challenge the norms of the wonder industry by mixing clean formulas with inclusivity. As the primary Black-owned clean beauty brand to debut at Sephora, Thompson knew the stakes were high—and the pressure to succeed was even higher. But staying true to her mission has been her guiding light. “For me, all of it comes...

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1 Feb

Minthub, Maker of Products for Sexual Health, Raises Seed

by Beautifaire101

Beauty, Featured

Shine Ventures has made its first seed investment. The angel investment firm for early-stage start-ups, founded by Jess Hunichen and Emily Ward, the cofounders of influencer talent management agency Shine Talent Group, has partnered with Minthub, a business-to-business company developing white-label products across intimate care, sexual health and well-being meant for use during various life stages. Terms of the deal weren't disclosed. Hunichen, cofounder of Shine Ventures, said: “We strongly imagine within the vision and mission behind Minthub and are excited by their products that may shine a lightweight on missed health conditions.” The investment can be used for completion of the Male Intimate Care Range and Women’s Sexual Wellness Wearable Device. The previous targets biological conditions from incontinence to severe conditions comparable to...

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9 Dec

Nécessaire Focuses on Growth After Latest Funding Round –

by Beautifaire101

Beauty, Featured

Nécessaire Focuses on Growth After Latest Funding Round –

Nécessaire is eyeing expansion — with a helping hand from one other round of financing. The Los Angeles-based body-first brand founded by Randi Christiansen, a former marketing and strategy executive at The Estée Lauder Cos., and editorial veteran Nick Axelrod has received financing from Cavu Consumer Partners, even though it didn't disclose terms. It previously gained investments from Imaginary Ventures, Forerunner Ventures, Maveron Ventures and VMG Catalyst. Nécessaire is expecting to make $35 million in retail sales this 12 months from selling around 1.5 million units, and the corporate has big goals for the long run with aggressive plans to broaden its product range and retail strategy. “Nick and I made a decision that we wanted some growth capital to do three things. Primary,...

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19 Oct

Fresh From L’Oréal Funding, Debut Desires to Tackle Fragrance

by Beautifaire101

Beauty, Featured

Fresh From L’Oréal Funding, Debut Desires to Tackle Fragrance

Having closed a complete of $40 million in its series B funding led by Daring, L’Oréal’s enterprise capital fund, biotech firm Debut desires to make the fragrance industry more sustainable. “Having successfully scaled biotechnology with 100% success in skincare and leading that category, we are actually addressing the urgent challenges facing the fragrance industry,” said Debut founder and chief executive officer Joshua Britton. By developing bio-identical and novel fragrance molecules, San Diego-based Debut believes it would enable fragrance brands to transition to bio-based formulas, while protecting the olfactive integrity of the formulas. That’s because Debut’s biotechnology can replicate the olfactive signature and precise characteristics of natural ingredients, including those which can be structurally complex, difficult to source and only exist in trace amounts...

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