The Lip Bar has announced that it has raised an oversubscribed US$6.7 million funding round to further grow its brand portfolio, which includes both Thread Beauty and The Lip Bar.
What happened
Posted by Georgina Caldwell | Oct 4, 2022 | Finance, North America |
Why it matters
THE WHAT? The Lip Bar has announced that it has raised an oversubscribed US$6.7 million funding round to further grow its brand portfolio, which includes both Thread Beauty and The Lip Bar.
THE DETAILS The round was led by Pendulum, an inclusive and strategic investing platform for Founders of color. Other investors include The Fearless Fund and Endeavor.
Founder Melissa Butler commented, “We plan on growing our team and improving our ability to better service the needs of our consumers across different divisions, because we understand how experience and expertise can spur growth quickly. We also plan to continue to drive our innovation forward to create beauty solutions that allow everyone to experience easy, effortless, essentials that empower confidence.”
This news brief is based on reporting published by Global Cosmetics News on 2022-10-04. The original report is linked below.
Global Cosmetics News
https://www.globalcosmeticsnews.com/the-lip-bar-closes-us6-7-million-funding-round/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
