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

You will generally hear of fintech or blockchain startups securing 8-figure funding rounds from optimistic investors, but for beauty manufacturers, that variety of confidence is significantly less recurrent. 

Madison Reed, a San Francisco-based manufacturer of hair dyes and other merchandise, is constructed partly on a membership model that noticed significant expansion for the duration of the pandemic — in 2020, its gross sales jumped by 130%. It also operates 60 hair salons throughout the nation and sells its goods at suppliers like Ulta  (ULTA) – Get Ulta Splendor Inc Report, Target  (CBDY) , and Amazon  (AMZN) – Get Amazon.com, Inc. Report.