Hair Color Innovator Madison Reed Raises Over $50 Million to Continue Omnichannel Expansion
02/24/21, 11:52 AM
Location
Money raised
$50 million
Madison Reed announced a $52 million financing round to continue to fuel its omnichannel expansion and build upon the 130 percent growth it saw during 2020. The round was led by True Ventures, an investor in Peloton, Ring and Blue Bottle Coffee. The round includes participation from Norwest Venture Partners, Comcast Ventures and Shea Ventures — all of which have invested in earlier rounds. New investors include Goldman Sachs, Motley Fool Ventures, Portfolia Rising America Fund and Portfolia FirstStep Fund.
Company Info
Company
Madison Reed
Location
san francisco, california, united states
Additional Info
Founded in 2013, Madison Reed is the prestige beauty brand revolutionizing the way women color their hair. Madison Reed offers clients over 55+ shades of gorgeous color, Smart 8-Free formulas developed in Italy, technology, personalized service, and the freedom to get salon-gorgeous results whether they color their hair at home or by a professional colorist in one of Madison Reed's 60+ and counting Hair Color Bars across the country. Products can be found online at www.madison-reed.com, Amazon, Madison Reed Hair Color Bars, Ulta and select Ulta at Target locations, in addition to DoorDash delivery.