Myavana, an Atlanta, GA-based company which specializes in AI-driven personalized hair care, raised $5.9M in Seed funding.
Backers included Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital.
The company intends to use the funds to expand operations and consolidate its position.
Led by CEO and Founder Candace Mitchell, Myavana is a beauty tech company providing data-driven insights to retailers, salons, brands, and consumers. Its HairAI™ technology utilizes microscopic hair analysis and advanced algorithms to decode the intricacies of hair texture, type, and condition, providing retailers, consumers, and salons with instant product recommendations tailored to their specific needs.
Its real-time data analytics platform enables partners like Ulta and Amazon to drive purchases with its Hair RI solution. The company has also collaborated with the National Black-Owned Beauty Supply Association and Braintrust Founders Studio, facilitating distribution to over 1,000 retailers and salons.
FinSMEs
11/08/2024