20/07/2024 4:08 AM


Enjoy Fashion

Jay-Z Helps Beauty Brand Get $33M In Funding


You will often hear of fintech or blockchain startups securing eight-figure funding rounds from optimistic investors, but for beauty brands, that kind of confidence is significantly less frequent. 

Madison Reed, a San Francisco-based brand of hair dyes and other products, is built partially on a subscription model that saw significant growth during the pandemic — in 2020, its sales jumped by 130%. It also operates 60 hair salons across the country and sells its products at stores like Ulta  (ULTA) – Get Ulta Beauty Inc Report, Target  (CBDY) , and Amazon  (AMZN) – Get Amazon.com, Inc. Report.


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