Black Woman-Owned Inclusive Beauty Company The Lip Bar Inc. Will Continue to Increase Representation in the Beauty Industry and Expand Inclusive Beauty Brands, The Lip Bar and thread beauty
DETROIT, Oct. 3, 2022 /PRNewswire/ -- Award-winning beauty company The Lip Bar Inc. announced today that it has raised an oversubscribed $6.7M fundraising round to further grow its house of brands including The Lip Bar, the 10-year-old innovative vegan, cruelty free and non-toxic beauty brand, and thread beauty, the newly launched, bold, gender-neutral, Gen Z-focused, BIPOC beauty brand that is proving to be a breath of fresh air in the industry.
The round was led by Pendulum, an inclusive and strategic growth investing and advisory platform designed for founders and leaders of color. The Fearless Fund and Endeavor also came into the round, providing access to a robust international community through Endeavor and other women entrepreneurs.
"TLB's tremendous success is a direct testament to Melissa Butler's dedication to building an innovative house of brands. Beyond its bold color cosmetics, TLB resonates with customers because of its commitment to reimagining beauty standards. We are excited to partner with Melissa and the TLB team as they continue to grow an inclusive platform in the category," said Pendulum's Co-Founder and CEO Robbie Robinson.