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Myavana raised $5.9M in Seed funding led by Prisma Ventures to expand operations in AI-driven personalized hair care.

Aug 11, 2024over 1 year ago

Amount Raised

$5.9 Million

Round Type

seed

AtlantaBeautyArtificial IntelligenceHealth Care

Investors

Ngc CapitalReform VenturesAmazonResilient VenturesRefashiond VenturesDuo PartnersBrain TrustNew Age CapitalH/L VenturesPrisma Ventures

Description

Myavana, based in Atlanta, GA, raised $5.9M in Seed funding. The company plans to use the funds to expand its operations and consolidate its position in the beauty tech industry.

Company Information

Company

Myavana

Location

Atlanta, Georgia, United States

About

Myavana is an AI-driven personalized hair care company based in Atlanta, GA. It specializes in providing data-driven insights through its HairAI™ technology, which analyzes hair texture, type, and condition. The company collaborates with retailers and salons to offer tailored product recommendations. Myavana aims to enhance the beauty tech landscape with its advanced algorithms and real-time data analytics platform.

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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