Madison Reed, a San Francisco, CA-based prestige hair color brand, closed a $25m financing round.
The round was led by Comcast Ventures with participation from previous investors Norwest Venture Partners, True Ventures and Calibrate Ventures.
The company intends to use the funds to expand the current business, as well as expand its physical presence: Madison Reed Color Bars – currently in New York City and San Francisco – will open in 25 locations by the end of 2019.
Founded in 2013 by Amy Errett, CEO, Madison Reed is a beauty company which uses technology in conjunction with a team of licensed colorists to enable women to find their perfect color and deliver salon-quality hair color for under $25. Its conditioning, multi-tonal formula is made without ammonia, parabens, resorcinol, PPD, phthalates, and gluten. The entire color and hair care line is enhanced with argan oil, keratin, and ginseng root to protect and pamper hair.
Products can be found online, on mobile, and through select retailers including Sephora, QVC and Ulta Beauty.