What was once just a digital marketplace for hair extensions and weave bundles has expanded into an online database that offers a space for hair stylists to grow their businesses and consumers to find local salon services.
On June 26, Black-owned beauty and tech company Mayvenn announced it raised $40 million in a Series C funding round. Leading investments came from Chicago-based venture fund Cleveland Avenue, with participation from the Growth Equity business within Goldman Sachs Asset Management and a 16z.