THE WHAT? Stay Tinted has closed a US$10 million Collection A funding spherical, with funding led by Monogram Companions with different traders together with Unilever Ventures, Devonshire Companions and Silas Capital, in keeping with a report by WWD.com.
THE DETAILS Further backers embrace Montage Ventures, Halogen Ventures, Curate Capital and Fearless Fund, with the LA-based model having secured US$15 million so far.
THE WHY? Founder Deepica Mutyala plans to make use of the monetary injection for product innovation and class enlargement, in addition to accelerating development at Ulta Magnificence and implementing further advertising and marketing and government hires.
Mutyala stated: “My staff and I are dedicated to creating solution-oriented merchandise for a various neighborhood led by our shoppers’ demand, and this funding will assist us do exactly that, together with help additional enlargement with our retail associate, Ulta, and convey on further government hires to affix our staff.”
