Schmidt’s Naturals Creator Jaime Schmidt Pivots From CPG Entrepreneur To Investor With New Firm Color
Husband and wife Chris Cantino and Jaime Schmidt, co-founder of Schmidt’s Naturals, have formed investment firm Color to fund companies led by women, minorities and other societally-disadvantaged groups, and backed nut butter startup Wild Friends Foods. Color joined Cambridge SPG, Katjesgreenfood, CircleUp, Echo Capital and Portland Seed Fund to participate in Wild Friends’ ...
L’Oréal Establishes Venture Fund To Make Minority Investments In Rising Startups
L’Oréal has joined the corporate parade into venture investment with the launch of a fund making minority bets on startups poised to shake up the beauty industry. Called BOLD Business Opportunities for L’Oréal Development, the fund’s first investment is in Sillages Paris, an artificial intelligence-powered scent customization concept. Laurent Schmitt, who’s spent six ...
A New Vision For Men’s Grooming: Maapilim Scores $4M To Advance Gender-Neutral Products Sold Digitally
Maapilim has picked up $4 million to move forward with its mission of modernizing the version of masculinity propagated in the grooming segment. Participants in the funding round include Viola Ventures, Kaeden Capital, a joint venture of Keshet International and Dick Clark Productions, and Avishai Avrahami, CEO and co-founder of Wix, as reported ...
The Moneyed Mayvenn: Essence Ventures Leads A $23M Series B Round To Grow The Hair Extension Business
Middlemen remain powerful even in an age in which they’re often disparaged. Take Mayvenn Inc., the wig and hair extension startup that’s snagged a $23 million round of Series B funding led by Essence Ventures with participation from Impact America Fund, a16z and Cross Culture Ventures. It launched in 2013 after co-founder and ...
Sustainable Shampoo Startup OWA Haircare Secures Investment From Precursor Ventures
OWA Haircare has drawn more money to remake showering. The brand behind the waterless powder shampoo Moondust Hair Wash set to debut next year has received an investment from early-stage venture firm Precursor Ventures. The amount of investment wasn’t disclosed. It follows a $200,000 infusion OWA Haircare received from RIT Venture Fund I ...
Athleisure Beauty Brand Sweat Cosmetics Raises Nearly $260K In Equity Crowdfunding Campaign
When venture capitalists and angel investors gave Sweat Cosmetics the cold shoulder, the beauty brand opted for the equity crowdfunding route – and that decision has paid off. It’s secured nearly $260,000 from a campaign through First Democracy VC, a partnership between MicroVentures and Indiegogo. “The feedback we were getting was, ‘We ...