Beauty Tech Company Mayvenn Announces $40 Million Series C To Grow Its Marketplace Platform And Expand An Unprecedented Omni-Channel Walmart Partnership
Jul 13, 2022•about 3 years ago
Amount Raised
$40 Million
Round Type
series c
Description
Mayvenn, a beauty-tech company with a network of over 50,000 hair stylists nationwide, announced a $40m Series C round led by Cleveland Ave, with participation from the Growth Equity business within Goldman Sachs Asset Management and a16z. Mayvenn's mission is to use technology to empower the professional stylist community. The Mayvenn platform enables stylists to earn money selling beauty products and over the past two years has expanded into a marketplace, offering salon services through its curated network of beauty pros. The services marketplace, combined with the e-commerce platform, lay the foundation for an end-to-end beauty ecosystem encompassing services and products
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech