Raises – Page 9 – Beautifaire

23 Oct

Melissa Butler Melissa Butler Beauty entrepreneur Melissa Butler launched her cosmetics brand The Lip Bar with a mission to “change the way in which people take into consideration beauty.” It looks like she’s modified the minds of skeptical investors as well. In 2015, Butler appeared on the business pitch competition series Shark Tank with the aim of obtaining investment dollars for her cutting-edge beauty company—the panel was harsh, and even called it “clown makeup.” 7 years later, Butler has closed on $6.7M in seed funding. Per a news release, the round was led by Pendulum, an inclusive and strategic growth investing and advisory platform designed for founders and leaders of color, with The Fearless Fund and Endeavor rounding out the cap table. Butler said she plans to proceed growing...

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4 Oct

Once Rejected By Investors, Melissa Butler’s “The Lip Bar”

by Beauty Tips

Makeup, Featured

Beauty entrepreneur Melissa Butler launched her cosmetics brand The Lip Bar with a mission to “change the best way people take into consideration beauty.” It looks like she’s modified the minds of skeptical investors as well. In 2015, Butler appeared on the business pitch competition series Shark Tank with the aim of obtaining investment dollars for her cutting-edge beauty company—the panel was harsh, and even called it “clown makeup.” 7 years later, Butler has closed on $6.7M in seed funding. Per a news release, the round was led by Pendulum, an inclusive and strategic growth investing and advisory platform designed for founders and leaders of color, with The Fearless Fund and Endeavor rounding out the cap table. Butler said she plans to proceed growing The Lip...

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14 Sep

Predictive Analytics Firm FindMine Raises $8.2 Million

by Beautifaire101

Beauty, Featured

Predictive Analytics Firm FindMine Raises .2 Million

FindMine recently raised $8.2 million in its seed round, as fashion brands proceed to attempt to predict the long run. The predictive intelligence and analytic firm’s latest fundraising round was led by investment firms XSeed Capital and Underscore VC and is on top of $1.7 million already raised, bringing FindMine’s total investments to $9.9 million. “We’re enthusiastic about this investment since it signifies that we are able to proceed to grow our platform’s ability to create highly-produced and differentiated editorial content out of thin air, empowering brands and retailers to take care of visibility with customers and other key audiences while driving each revenue and loyalty,” said Michelle Bacharach, chief executive officer of FindMine. Michelle Bacharach is the chief executive officer of FindMine. The...

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25 Aug

Ulta Beauty Surpasses Estimates in Q2, Raises Full 12

by Beautifaire101

Beauty

Ulta has raised its full-year outlook on the back of better-than-expected second-quarter results as consumers proceed to open their wallets at the wonder counter despite an uncertain economic backdrop. Net sales increased 16.8 percent year-over-year to $2.3 billion within the second quarter of the fiscal yr, in comparison with $2 billion in the identical period a yr earlier attributable to the “favorable impact from the continued resilience of the wonder category, the impact of recent brands and product innovation, and the easing of COVID-19 restrictions,” the corporate said. Analysts had forecasted sales of around $2.2 billion, in line with a Factset poll. All major categories exceeded Ulta’s expectations, and the retailer increased market share in prestige beauty versus last yr. In comparison...

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