Mayvenn Raises $23M in Funding

mayvennMayvenn, an Oakland CA-based provider of a service for buying and installing hair, raised $23m in funding.

The round was led by Essence Ventures.

The company intends to use the funds to continue to expand its business reach.

Previous investors in the company include Andreessen Horowitz, Cross Culture Ventures, Trinity Ventures, Serena Williams, Andre Iguodala, and Jimmy Iovine.

Led by founder and chief executive officer Diishan Imira and co-founder and chief operating officer Taylor Wang, Mayvenn offers customers a new platform to buy hair and match them with a hair stylist who will install the product.
The company’s product line includes:
– Virgin Straight
– Virgin Yaki Straight
– Virgin Kinky Straight
– Virgin Body Wave
– Virgin Loose Wave
– Virgin Water Wave
– Virgin Deep Wave
– Virgin Curly
– Dyed Virgin Hair
– Virgin Closures
– Virgin 360 Frontals
– Virgin Frontals
– Dyed Virgin Closures
– Dyed Virgin Frontals
– Wigs
– Clip-Ins, and
– Tape-Ins

The company was accelerated through 500 Startups in 2013 and has had $80m in revenue since then.



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