Matter of Fact Skin Care Brand Closes $6 Million

10 Apr

Matter of Fact has closed its second round of funding, to the tune of $6 million. The brand, founded by Paul Baek in 2021, closed a round of additional funding with participation from Horizon Ventures and Cowboy Ventures, along with James and Nicky Hilton Rothschild, in addition to Birchbox cofounder Hayley Barna. That brings Matter of Fact’s total funding to $16 million. The corporate raised $10 million in seed funding in 2021. Matter of Fact currently only has two products, and sells directly on its website. The brand launched with a 20 percent vitamin C serum, which boasts two years of shelf stability resulting from a patent-pending delivery system, and likewise sells a moisturizer. The brand’s primary focus has been fueling innovation, including various...

0 Comments

15 Dec

Killer Mike’s Greenwood Bank Raises $45 Million Funding Round

by Beauty Tips

What's The Tea, Featured

Killer Mike’s Greenwood Bank Raises Million Funding Round

Greenwood Bank Raises Greenwood Bank Raises Despite recent controversy around his political loyalties, it seems Michael “Killer Mike” Render is not less than continuing to make good on his promise to assist empower Black communities and the BIPOC business ecosystem along with his latest move–and admittedly, it’s an enormous one. Per a press release shared with ESSENCE, Greenwood, the digital banking platform for Black and Latino individuals and businesses co-founded by Killer Mike, announced it closed a $45 million investment round led by Pendulum, an investment advisory firm. Other participating investors include Cercano Management, Cohen Circle, The George Kaiser Family Foundation, and NextEra Energy. They join Existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, and Wells Fargo. In response...

0 Comments

13 Dec

Range Beauty Becomes First Black Woman-Owned Makeup Brand To

by Beauty Tips

Makeup, Featured

An inclusive beauty that was born out of frustration just made history. After realizing that each makeup she used caused her eczema to flare up, Alicia Scott founded Range Beauty in 2018, an all-natural makeup line that soothes the skin as an alternative of just covering it. The founder recently appeared on ABC’s Range Beauty Takes Shark Tank pic.twitter.com/zD2uZAXyiD— Range Beauty (@RangeBeauty) November 26, 2022 Shark Tank and received an investment, the primary time that’s happened for a Black woman-owned beauty brand within the show’s history. Her product line includes foundation, primer, powder and body oil, all priced affordably for many who are fans of drug store beauty staples. “It was like the final word pitch for me,” Scott said as reported by the Atlanta Journal...

0 Comments

11 Nov

Topicals Closes $10 Million Series A Funding Round –

by Beautifaire101

Beauty, Featured

Topicals Closes Million Series A Funding Round –

Topicals, the skincare brand founded by Olamide Olowe in 2020, has added latest investors to its roster. The brand closed a $10 million series A funding round led by Cavu Consumer Partners. That brings the brand’s total amount of funding to $15 million. Investors within the brand include Gabrielle Union, Kelly Rowland and Hannah Bronfman, amongst others. Olowe sought to reinvent the ointment category, as she put it, and said the brand’s disciplined range of seven stock keeping units was resonating broadly. “We address the chronic skin condition market — things that you usually find in a Walgreens or CVS,” she said, adding that she goals to deal with skin concerns with a prestige flair. The brand’s success is “a testament to how...

0 Comments