Million – Page 7 – Beautifaire

4 Jan

Facial bars seem like ripe for investment. Not long after Heyday announced its Series B extension, Glowbar, known for its 30-minute, $65 facial, has received a $10 million Series A funding. The round was led by Peterson Partners, a Salt Lake City-based firm whose investments have included Allbirds, Solidcore, Bonobos, Rails Clothing and Madison Reed. Glowbar was founded in 2019 by Rachel Liverman, a third-generation aesthetician, with services including dermaplaning, chemical peels, extractions and LED. The corporate began with a TriBeCa studio, but now has expanded its Latest York City footprint to the Upper East Side, Union Square and Williamsburg. It also added locations in Roslyn, Latest York, and Westport, Connecticut. With the investment, Glowbar is anticipated to double its studio count by the top of 2023. Along with...

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25 Dec

Amber Fillerup’s Hair Brand Dae Closes $8 Million Series

by Beautifaire101

Beauty, Featured

Influencer Amber Fillerup Clark’s Dae Hair has raised a $8 million Series A funding. The raise was led by Verity Enterprise Partners, cofounded by Tina Bou-Saba and Matt Levin, with participation from Digital Brand Architects, Whitney Port, Aimee Song, Christine Andrew, and with continued participation of existing investor Willow Growth Partners. The round brings the brand’s total funding to $10.6 million, as Dae raised a $2.6 million seed round last yr. Jenny Son, Dae’s president who joined the brand in 2021, told WWD that the corporate wasn’t actively trying to find an investment, but that there was lots of outside interest in recent months. “When it comes to the raise, for 2022 we actually didn’t set a goal to go right into...

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19 Dec

Medly Files for Bankruptcy, Reports More Than $110 Million

by Beautifaire101

Beauty, Featured

Digital pharmacy start-up Medly Health Inc., which launched in 2017, has voluntarily filed for a Chapter 11 bankruptcy in Delaware, following two large layoffs in August. The corporate reported greater than $110 million in secured debt. The corporate gained popularity in the course of the COVID-19 pandemic as a substitute choice to pharmacies, offering free same-day prescription delivery, and was presupposed to be the fastest-growing digital pharmacy. The brand secured $100 million in Series B funding in July 2020 with plans to proceed scaling the business. In June 2021, Medly acquired Pharmaca, a primarily online wellness store that sells an array of brands like Jane Iredale, Juice Beauty, Vital Proteins and Olly. When this acquisition was revealed, it was said that Pharmaca had...

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15 Dec

Facial Spa Heyday Raises $12 Million – WWD

by Beautifaire101

Beauty, Featured

Facial Spa Heyday Raises $12 Million Facial Spa Heyday Raises $12 MillionIn the newest evidence that med spa services are increasingly catching the eyes of investors, Heyday has raised a $12 million Series B extension. The raise was led by existing investor, Level 5 Capital Partners (L5), nearly two years after Heyday’s initial $20 million Series B. With this capital injection, Heyday, which launched in 2015, plans to take a position in franchise expansion and support. While it has 10 owned and operated salons in Latest York City, Los Angeles and Philadelphia, the corporate made the choice to go down the franchise route around 2018 and has seven locations which might be franchises. That number is about to rapidly increase next 12 months, with Heyday...

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