thirteen lune announces $8M seed plus investment round with new participation from The BrainTrust Fund. The Fund, led by Kendra Bracken-Ferguson and Lisa Stone, makes early stage venture investments identified via BrainTrust Founders Studio , the largest platform dedicated to Black founders of beauty and wellness companies.
thirteen lune’s strong 2022 performance, evidenced by 2000%+ sales growth year-over-year, was fueled by the launch of its first private label brand, Relevant: Your Skin Seen , the expansion
of its in-store partnership with JCPenney Beauty, and the addition of nationally recognized BIPOC-founded brands to its platform including Ami Colé , Buttah Skin and Pattern Beauty by Tracee Ellis Ross.
The inclusive beauty e-commerce destination co-founded by industry veterans Nyakio Grieco and Patrick Herning, will use utilize capital raise to drive its omnichannel approach, supporting brick and mortar, experiential retail and Relevant: Your Skin Seen brand expansion.
This capital, along with an initial Seed round led by Fearless Fund , together represents $12.5M in total funds raised. With this seed plus investment, thirteen lune is well positioned to reach profitability in 2023.
“As a 20+ year Black beauty entrepreneur, it’s an honor to shape the landscape of inclusive beauty, acting as an agent of change for BIPOC brand founders to receive recognition and opportunity,” says Nyakio Grieco , thirteen lune Co-Founder…
