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10Beauty announces autonomous manicure innovation, securing $38M in funding; strong initial demand

Feb 06, 2024over 1 year ago

Amount Raised

$38 Million

Burlington

Investors

Red Sea VenturesLerer HippeauImaginary VenturesShine Capital

Description

10Beauty, creator of the first full salon-quality manicure machine, announced it will launch at the end of this year, having secured $38 million in equity financing, including a newly closed $17 million extension to their Series A led by Shine Capital.

Company Information

Company

10Beauty

Location

Burlington, Vermont, United States

About

Intelligent beauty company leveraging robotics and automation to create the world's first full salon-quality manicure machine.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech