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Beauty Tech Company Mayvenn Announces $40 Million Series C To Grow Its Marketplace Platform And Expand An Unprecedented Omni-Channel Walmart Partnership

Jul 13, 2022almost 3 years ago

Amount Raised

$40 Million

Round Type

series c

OaklandConsumer GoodsCommerce And Shopping

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

Company Information

Company

Mayvenn

Location

Oakland, California, United States

About

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. Founded by Diishan Imira in Oakland, CA in 2013, Mayvenn is the first venture-backed beauty tech company enabling beauty professionals to increase their earning potential.

FundzWatch™ Score

76
Medium Activity

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