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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

PRIVATEJul 13, 2022

Amount Raised

$40 Million

Round Type

Series C

OaklandCommerce And ShoppingConsumer Goods

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

Quick answer

Mayvenn raised $40 Million in a Series C round, dated July 13, 2022. Mayvenn is based in Oakland, California, United States.

How much did Mayvenn raise?
Mayvenn raised $40 Million in a Series C round on July 13, 2022.
What does Mayvenn do?
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.
Where is Mayvenn based and how big is it?
Mayvenn is based in Oakland, California, United States.

Source: Fundz verified event record.

Who else raised in Commerce And Shopping and Consumer Goods around the same time

Companies in the same sectors as Mayvenn that raised within 45 days of this round, from Fundz verified event records.

  • Omnibiz raised an undisclosed amount (Funding Round) on August 19, 2022.
  • OpenSpace raised an undisclosed amount (Series D) on August 9, 2022.
  • Nebula Brands raised an undisclosed amount (Funding Round) on July 29, 2022.
  • Purplle raised $33M (Funding Round) on June 9, 2022.
  • Mural raised $5.6M (Funding Round) on August 23, 2022.
  • Arc raised $20M (Series A) on August 17, 2022.

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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.

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Mayvenn raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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