Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players
Rising Female Audiences to Elevate the Female Segment’s Growth
Based on application, the market is bifurcated into female and male. The female segment is expected to grow rapidly due to the rising demand for the product from the female population. Manufacturers target the female population due to their willingness to invest in beauty products. Online Channel Segment to Dominate Owing to Rapid Digitization and Shopping Convenience
As per sales channel, the market is classified into offline channel and online channel. The online channel segment is expected to grow exponentially due to increasing adoption of online services. Rising smartphone adoption and the convenience offered by online shopping are expected to enhance the adoption of the product. Regionally, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Driving Factors
Increasing Prevalence of Hair Disorders to Enhance Market Progress
Human hair extensions are made from human hair due to their longer lifespan and can be styled with hair dryers. The rising prevalence of hair disorders is expected to enhance its demand. For example, as per the American Hair Loss Association (AHLA), male baldness is a major health issue that affects nearly 25% of men globally. The AHLA also mentions that nearly 66% of men experience hair loss by 35 years and hair thinning before 50 years. Furthermore, the rising aging population worldwide is expected to enhance the adoption of human hair extensions. Also, the adoption of Remy hair may enhance consumer demand as it is considered the highest quality extension globally. These factors may drive the human hair extension market growth. However, strong demand for alternative products and procedures is expected to hinder the market’s progress. Segments
Clip-in Hair Extension Segment to Dominate Owing to Strong Demand for Affordable Products
By type, the market is segmented into clip-in hair extension, fusion & pre-bonded hair extension, tape-in hair extension, and others. The clip-in hair extension segment is expected to dominate the market due to consumers' rising demand for affordable products. It offers users hassle-free removal and installation, thereby boosting its preference. Browse Detailed Summary of Research Report with TOC:
Rising Partnerships Between Firms to Augment Growth in North America
North America is expected to dominate the human hair extension market share due to rising partnerships between firms. For example, Perfect Locks LLC, a California-based hair extension company, offers distribution opportunities for salons/businesses. The market in North America stood at USD 1.72 billion in 2021 and is expected to grow rapidly in the coming years. In Asia Pacific, the presence of sizable natural hair supplying manufacturers is expected to enhance the demand for human hair extension. This factor may propel the market progress in the coming years. Competitive Landscape
Companies Set Up Shops in New Territories to Expand Consumer Base
Prominent companies operating in the market set up shops in different countries to expand their consumer base. For example, Mayvenn Inc. set up its shops in new territories to expand its consumer base in June 2021. The company is backed by several investors such as Jimmy Iovine, Andre Iguodala, Serena Williams, Trinity Ventures, Cross Culture Ventures, and Andreessen Horowitz. This strategy may allow Mayvenn Inc. to expand its consumer base globally. Furthermore, the companies invest heavily in acquisitions, mergers, research and development, novel product launches, and expansions to boost their market position. Inquire Before Buying This Research Report:
Key Industry Development
October 2021: A Canadian manufacturer named Luxy Hair announced an artificial intelligence color match tool for simplifying and personalizing the hair extension process. Have a Look at Related Research Insights:
Hair Care Market  Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2021-2028
U.S. Hair Extension Market  Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Address:
Mahalunge Road, Baner, Pune-411045,

Human Hair Extension Market Size Worth USD 7.63 Billion by 2029 | Human Hair Extension Industry Expected CAGR 9.44%

AI-Driven Wig Customization Company Parfait Receives $5M In Funding
Parfait is gearing up to disrupt the wig category with $5 million in funding. The funding round was led by Upfront Ventures and Serena Ventures, backer of wig and hair extension company Mayvenn . Other participants include Ulu Ventures, Unshackled Ventures, Contrary Capital, Visible Hands, TRUE Capital’s Culture Fund, Omar Johnson, Chamillionare, Tristan Walker and Upland Workshop. The funding will enable Parfait, which asserts it’s the first wig company to incorporate artificial intelligence and facial recognition, to boost production, improve digital tools and automate supply chain capabilities with new technologies and equipment such as a lace ventilation machine that reduces the need for human labor and will facilitate customization at scale. Parfait manufactures its products in Dallas, and sources hair from China, Vietnam and the Philippines. “We believe Parfait will radically change an industry most investors overlook because they don’t understand the market,” says Upfront Ventures partner Kobie Fuller in a statement. “History has shown us that great startups derive from founders with a unique insight on how to solve a deep-seated customer pain point who also have an innovative technical knowledge to build a solution. This team has all the ingredients for success, and we are excited to be part of their journey.”
Parfait was very particular about the the people it reached out to for investment. “We targeted people who either understood in some parallel the experience of managing textured hair, regardless of age, race or background or who understood the marginalized community that we were really trying to solve for,” says Parfait CEO Isoken Igbinedion, who founded the company with her sister Ifueko Igbinedion, and Marlyse Reeves and Simone Kendle. Unshackled Ventures, a venture fund focused on immigrant entrepreneurs, signed on initially and support rolled in from there. Igbinedio was born in Lesotho, South Africa, but she and her sister are both Nigerian. Parfait co-founder and CEO Isoken Igbinedion
Originally called Hairtelligence, Parfait launched on April 11. Prior to its launch, it racked up a 10,000-person waitlist during a six-month private beta testing period. Customers can select from Parfait’s trending styles such as a straight blonde wig with a side part and a wavy black wig with a middle part or tailor their own. Prices range from around $458 to $1,174. Parfait takes after the dessert parfait that it’s christened for because it’s designed to provide a layered experience allowing customers to create and customize wigs to their liking. Igbinedion says, “Personalization is the core of who we are and what we do and what we want to continue to highlight so that customers really understand that we are really there for them and what they care about.” Early on, custom wigs have tended to be the most popular, according to Igbinedion. “People are asking for blunt cuts and different colors, and we have a lot of older women coming to us asking for grays in the hair,” she says. “Those custom orders really help to inform how we continue to drop new product styles.”
Custom wig customers select their preferred hair color, pattern and length before Parfait’s customization tool invites them to take four selfies to capture the dimensions of their hairlines, head shapes and sizes, and skin tones to ensure the correct wig size and lace tint color. The wigs are ready within five to seven business days. Users are encouraged to book a 15-minute pre- and post-purchase virtual consultation with an expert to address questions or concerns. Igbinedion says, “As we continue to sell to our customers, we’ll need fewer virtual consultations because our technology is learning about what you care about and incorporating that into how we build our products.”
If they notify Parfait’s customer service within five days of receiving their wig, customers can return the product or have free adjustments done up to 30 days after purchase. “We want to make sure we get the opportunity to hear what you saw as an issue so that we can not only fix it internally, but have the opportunity to fix it for you because people who are coming to us really do want to use these products,” says Igbinedion. “Once we have these preferences right, even if it’s after the first adjustment, we never get them wrong.”
Beta testing has informed Parfait’s go-to-market strategy, and its product descriptions and names. “We use clear distinctions between patterns and textures rather than origins because a lot of people don’t realize that when you see things like Brazilian, Malaysian, Filipino, sometimes they are from those countries, but usually it’s just a description of a curl pattern,” says Igbinedion, noting high-quality imagery has been added to Parfait’s website to accurately depict hair. Customers can select from Parfait’s trending wig styles or tailor their wigs using its platform. Prices range from around $458 to $1,174. Parfait’s launch has been supported by its “Faces” campaign showcasing the stories of women who wear wigs for four different reasons: medical, professional, self-expression and protective to grow their natural hair. Igbinedion’s wig journey started after a DIY perm went wrong and caused her hair to fall out. She’s leaned on wigs and extensions as a safe alternative, and a way to grow her natural hair and protect against damage. The global market for wigs and extensions is projected to accelerate at a compound annual growth rate of 13% to reach $13.3 billion in sales by 2026, according to data intelligence firm Arizton . Companies like Waeve, Silk or Lace, Latched and Hooked, and Luxy Hair are evolving the space by making more affordable, convenient and less intimidating products. Igbinedion believes there’s still room for a ton of wig innovation. She says, “As you dig into the layers of the industry, you realize there are foundational issues that really require innovation to be able to scale this vision of customization for these products at a global level, which is what our goal is.”
Parfait’s first order on April 11 came from the United Kingdom. It offers free international shipping to the country as well as Nigeria and Canada. As its supply chain capabilities increase, Igbinedion details the plan is to expand Parfait to other “less mature” markets. She says, “We understand how widespread the usage of this product is across the entire world, not just the United States.”
Share this article

AI-Driven Wig Customization Company Parfait Receives $5M In Funding

Black History Month is referred to by many as “Black Futures Month,” which the Movement for Black Lives defines as “time to both consider and celebrate our Black radical history and to dream and imagine a world in which we are free and self-determined.” More succinctly, Asheville-based Urban News named it, “about making space for Black people to envision and build the world of our dreams.”  
Making space for Black brilliance to emerge is both a personal and collective task. This often gives Black professionals on the rise an unfair “double duty”— they have to push past systemic racism in their various fields in order to succeed, while also choosing whether or not to take additional time and space to mentor others and ensure they can also access their dreams. And yet—research has shown that Black professionals often spend more of their personal capital mentoring young people and building inclusive spaces, which can take away from their own career objectives. A 2017 study of Black professors , for instance, found “marginalized professors spent twice as much time mentoring, recruiting and ‘serving on various task forces,’” as white male counterparts. Experts in higher education note that additional energy could be spent on “the more career-accelerating work of publishing,” but that these professors are actively choosing to expend their energy building a more inclusive future. This mentorship is not just Black professionals helping Black youth, but for people across racial identities. This has certainly been my personal experience as a white woman over decades: it was often Black people who reached out proactively offering mentorship and support. For instance: Majora Carter, fresh off receiving her MacArthur Genius Award, approached me when I was 23 after I gave a talk to say “How can I help?” For years, running a low-budget non-profit, she hosted me in her home whenever I visited New York. She and her husband James made a transformative difference in my early career by sharing not only their couch, but also core lessons in organizational management and movement building. In the context of my work as an impact investor with a focus on diverse entrepreneurs who are creating systems-level impact, I now often see an argument being made that funding diverse entrepreneurs is a social-change activity in part because these entrepreneurs will make great choices about ultimately giving back to the community with the wealth they build. In some cases this may be mandated structurally into a deal (like a certain percentage of proceeds going back to communities), or it may be an organic practice (like Diishan Imira, founder of Mayvenn, providing equity to employees at all levels simply because he felt it was the right thing to do). MORE FOR YOU
So far, anecdotal data is playing out–there are so many fantastic examples of mid-career Black professionals who proactively take time and money to help the next generation even if it takes away these resources from their primary activity. Below are profiles of four inspiring individuals who show it's possible to climb, while also extending that hand back to pull up others closer to their dreams. Charlese Antoinette
Charlese Antoinette has worked on major productions like Judas and the Black Messiah, but also works ... [+] with youth in Cleveland to nurture the next generation of designers. Kat Contreras
What She Does
Over the past decade, Charlese Antoinette has established herself as one of the most talented and busy costume designers in the business, with a unique talent of creating characters that are imaginative yet grounded in reality. She’s most recently known for her amazing period looks in Judas and the Black Messiah featuring Daniel Kaluuya and Lakeith Stanfield, for which she received a 2021 Costume Designers Guild Award nomination. The film also received two Academy Awards. Her work has also been seen on TV shows including MACRO/ Netflix Original Raising Dion (Michael B. Jordan), which was number one internationally, as well as Kenya Barris’s Netflix Original sketch comedy show, Astronomy Club. How She’s Opening Doors for Others
Charlese Antoinette works with kids at the Boys and Girls Club of Cleveland on the 1st and 3rd ... [+] Fridays of the month. On 3rd Fridays, industry professionals will give guest talks so the kids can meet other Black professionals in costuming and fashion. Charlese Antoinette/Boys and Girls Club Northeast Ohio
Charlese is unique in how she’s worked to create more opportunities for both her peers, and for future generations. In 2019, Charlese launched the Black Designer Database with a mission to support Black designers through the amplification of their work and connect them to new consumers and media opportunities. And then in 2020, she launched DESIGN YOU in partnership with the Boys and Girls Club of Cleveland, Ohio. Charlese explained, “I started the program while we were shooting Judas and the Black Messiah in Cleveland. We were shooting in an under-resourced neighborhood that was predominantly Black. And I could not see myself doing a film about the Black Panthers and not interfacing with the community that we were shooting in every day. I went to visit the boys and girls club of northeast Ohio with the cast including  Daniel Kaluuya LaKeith Stanfield. After visiting I got inspired and asked the center Director Joseph Greathouse II if I could donate sewing machines and start a sewing lab and program.” She subsequently donated 11 sewing machines in 2019. She added,  “Currently we are doing the program on 1st and 3rd Fridays. And on the 3rd Friday of the month I have industry friends come & speak. So the kids get to meet other Black professionals in fashion and costumes, get a mini lesson & ask them questions.”  They are still hoping to add more machines to their programs, and seeking a number of related supplies. Additionally, 100% of the proceeds from Charlese’s curated collection on resale platform Dora Maar are available here . Wendy Raquel Robinson
Wendy Raquel Robinson co-founded the Amazing Grace Conservatory, and in addition to her decades of ... [+] experience in television, creates a nurturing environment for the next generation. Meagan Shuptar/@meaganshuptar
What She Does
A Los Angeles native, Wendy Raquel Robinson has been professionally acting in films and television for over 25 years. Robinson graduated cum laud from Howard University with a BFA in Drama, and went on to debut on Martin alongside Martin Lawrence. Throughout the late 90s and early 00s, Robinson picked up a bevy of roles. She played “Piggy” Grier on The Steve Harvey Show for its full six-season run, as well as starring in the NBC sitcom Minor Adjustments and sketch show Cedric the Entertainer Presents. Since 2006, Robinson has played sports agent Tasha Mack on the dramedy The Game. Wendy Raquel Robinson on stage with children from Amazing Grace Conservatory. Amazing Grace Conservatory
How She’s Opening Doors for Others
Despite having a busy schedule as a professional actor, navigating the limited roles often available to Black women, Wendy has always made space to open up access to the arts to others. Since 1997, Wendy Robinson has been the executive and artistic director of the Amazing Grace Conservatory, a performing and digital arts school that serves underrepresented youth ages 5-18. Following Robinson’s own passion for the arts as well as that of late co-founder Tracy Lamar Coley, the school focuses on the arts and media production, and has welcomed thousands of students over their 25 year history. Amazing Grace Conservatory offers scholarships for students to attend post-secondary schooling. Alumni have gone on to attend Yale, Juilliard, Carnegie Mellon and more. Notable alumni include Emmy Award Winner Issa Rae, Academy Award Winner Ashton Sanders, Grammy Award Winner Elle Varner and many more. Marlon C Nichols
Marlon Nichols is the founding managing partner at MaC Venture Capital, a seed-stage venture capital ... [+] firm that invests in visionary founders building the future that the world wants to see. Marlon Nichols/MaC Ventures
What He Does
Marlon C Nichols is a founder and managing partner at MaC venture Capital, in addition to Cross Culture Ventures. Nichols has a deep background in technology and media, as a former Investment Director at Intel Capital and Kauffman Fellows alumnus. Marlon has made many high-profile investments in new media and markets, including Gimlet Media, Mayvenn, and Wonderschool among others. In both 2018 and 2019, Marlon Nichols was named to Pitchbook’s 25 Black Founders and VCs to watch, as well as being featured in Fortune and TechCrunch. Now, in addition to his myriad advisor and board roles, Nichols serves as adjunct faculty in entrepreneurship and venture capital at the SC Johnson College of Business at Cornell University. In addition to his work at MaC, Nichols helps bring new students of color into the investment ... [+] industry, partnering with Historically Black Colleges and Universities to serve students who might otherwise have the connections needed to fulfill their potential. Marlon Nichols/MaC Ventures
How He’s Opening Doors for Others
For more than five years , Marlon Nichols has partnered with Historically Black Colleges and Universities to demystify the world of startups and venture capital. Nichols has offered online courses, like Venture Capital 101 which covers the basics of funding and supporting startup firms. He’s also sponsored trips for HBCU students to visit Silicon Valley, and attend gatherings like South By Southwest where he has ensured there’s specific content designed around their educational needs. “It’s well documented that the lion’s share of venture capital investment dollars go to white men and a meager percentage is distributed to Black and Latinx founders. It’s also true that people hire/invest in people who resemble and share similarities with them. Another fact is that roughly 1% of decision-makers at VC firms are Black/Latinx. I’m convinced that by solving for the latter we can begin to see positive change for the former,” Nichols said. In r ecent years , the HBCUvc program has expanded to include 10-week paid internships that help build relationships between students and VC firms. Dr. Elizabeth Ofili
 
Born in Nigeria, Dr. Elizabeth Ofili is a world-recognized expert in the field of echocardiography ... [+] or studying the heart with sound waves. Dr. Elizabeth Ofili
What She Does
Dr. Ofili is a Nigerian-American cardiologist at Morehouse School of Medicine in Atlanta, Georgia, founder of a health-tech platform Accuhealth, that has helped thousands of patients manage chronic illness including diabetes, and serves as Chair of Alliant Health Solutions and the Association of Black Cardiologists. Spanning more than three decades, her career is filled with firsts, particularly as a woman of color and first-generation immigrant. Dr. Ofili has been continuously funded by the National Institute of Health (NIH) since 1994, with a track record of growing the clinical research infrastructure and training programs at Morehouse with awards totaling over $175 million. Furthermore, mentorship and training in terms of workforce development is a big part of Dr. Ofili’s work, and she serves as Principal Investigator of the National Research Mentoring Network, a component of the NIH Diversity Consortium and collaboration, training practitioners and scientists with the aims of diversifying the biomedical research workforce. She is globally recognized for her expertise in cardiovascular health disparities in the African-American community, and in 2016, was inducted into the National Academy of Medicine, one of the highest honors for a physician. Through Chief Gregory and Chief Mrs. Felicia Ofili Organization, Dr. Elizabeth Ofili has been able ... [+] to direct educational tools and resources to underserved girls in sub-Saharan Africa. CGFO/Dr. Elizabeth Ofili
How She’s Opening Doors for Others 
Having grown up in a small village in Nigeria, Dr. Ofili came from humble beginnings and was only able to achieve the career success that she has, because her family invested in her education - her late father Chief Gregory Ofili gave her his entire pension (he worked at the time for the US government as a librarian) to pay for her to travel to the United States and attend Johns Hopkins University to continue her medical studies and pursue her Masters in Public Health - and her mother, Chief Mrs. Felicia Ofili returned to school after raising 7 children to study midwifery in Nigeria and help support the family. To pay it forward and create opportunities for young girls to also get engaged in science and medicine, she founded the Chief Gregory and Chief Mrs. Felicia Ofili (CGFO) Foundation in 2012. In collaboration with local community leaders and educators, CGFO prioritizes the education of girls as a vehicle for social change and community economic development. To date, with the generous support of companies like Arbor Pharmaceuticals and Alliant Health Solutions and patrons like Dr. Shaquille O’Neal, CGFO has transformed three dilapidated science labs in the local village of Ebu, Nigeria, and constructed new facilities that offer experiential learning and hands-on curriculum for middle school students in the area  
The organization also funds yearly scholarships for disadvantaged students, and is laying plans for the development of a solar-powered tech hub that offers distance learning and links to other educational resources, independent of the power grid. They are seeking to expand their work to provide more community-based grants and educational infrastructure in Nigeria moving forward. Through CGFO, Dr. Ofili hopes to honor her parents, who always believed in her and told her she could achieve anything. CGFO seeks to bring that vision to thousands more girls and change lives with education. Thanks to Starkey Baker for their contributions to this piece. Full disclosures related to my work  here . This post does not constitute investment, tax, or legal advice, and the author is not responsible for any actions taken based on the information provided herein. Follow me on  Twitter  or  LinkedIn . Check out my book  here .

Black Futures Month: Four Black Leaders Who Walk The Talk

February 23, 2022
- Advertisement -
Black History Month is referred to by many as “Black Futures Month,” which the Movement for Black Lives defines as “time to both consider and celebrate our Black radical history and to dream and imagine a world in which we are free and self-determined.” More succinctly, Asheville-based Urban News named it, “about making space for Black people to envision and build the world of our dreams.”
- Advertisement -
Making space for Black brilliance to emerge is both a personal and collective task. This often gives Black professionals on the rise an unfair “double duty”— they have to push past systemic racism in their various fields in order to succeed, while also choosing whether or not to take additional time and space to mentor others and ensure they can also access their dreams. - Advertisement -
And yet—research has shown that Black professionals often spend more of their personal capital mentoring young people and building inclusive spaces, which can take away from their own career objectives. A 2017 study of Black professors , for instance, found “marginalized professors spent twice as much time mentoring, recruiting and ‘serving on various task forces,’” as white male counterparts. Experts in higher education note that additional energy could be spent on “the more career-accelerating work of publishing,” but that these professors are actively choosing to spend their energy building a more inclusive future. This mentorship is not just Black professionals helping Black youth, but for people across racial identities. This has certainly been my personal experience as a white woman over decades: it was often Black people who reached out proactively offering mentorship and support. - Advertisement -
For instance: Majora Carter, fresh off receiving her MacArthur Genius Award, approached me when I was 23 after I gave a talk to say “How can I help?” For years, running a low-budget non-profit, she hosted me in her home whenever I visited New York. She and her husband James made a transformative difference in my early career by sharing not only their couch, but also core lessons in organizational management and movement building. In the context of my work as an impact investor with a focus on diverse entrepreneurs who are creating systems-level impact, I now often see an argument being made that funding diverse entrepreneurs is a social-change activity in part because these entrepreneurs will make great choices about ultimately giving back to the community with the wealth they build. In some cases this may be mandated structurally into a deal (like a certain percentage of proceeds going back to communities), or it may be an organic practice (like Dishan Imira, founder of Mayvenn, providing equity to employees at all levels simply because he felt it was the right thing to do). So far, anecdotal data is playing out–there are so many fantastic examples of mid-career Black professionals who proactively take time and money to help the next generation even if it takes away these resources from their primary activity. Below are profiles of four inspiring individuals who show it’s possible to climb, while also extending that hand back to pull up others closer to their dreams. Charlese Antoinette
Charlese Antoinette has worked on major productions like Judas and the Black Messiah, but also works , [+] with youth in Cleveland to nurture the next generation of designers. Kat Contreras
What She Does
Over the past decade, Charlese Antoinette has established herself as one of the most talented and busy costume designers in the business, with a unique talent of creating characters that are imaginative yet grounded in reality. She’s most recently known for her amazing period looks in Judas and the Black Messiah Featuring Daniel Kaluuya and Lakeith Stanfield, for which she received a 2021 Costume Designers Guild Award nomination. The film also received two Academy Awards. Her work has also been seen on TV shows including MACRO/ Netflix Original Raising Dion (Michael B. Jordan), which was number one internationally, as well as Kenya Barris’s Netflix Original sketch comedy show, Astronomy Club,
How She’s Opening Doors for Others
Charlese Antoinette works with kids at the Boys and Girls Club of Cleveland on the 1st and 3rd , [+] Fridays of the month. On 3rd Fridays, industry professionals will give guest talks so the kids can meet other Black professionals in costuming and fashion. Charlese Antoinette/Boys and Girls Club Northeast Ohio
Charlese is unique in how she’s worked to create more opportunities for both her peers, and for future generations. In 2019, Charlese launched the Black Designer Database with a mission to support Black designers through the amplification of their work and connect them to new consumers and media opportunities. And then in 2020, she launched DESIGN YOU in partnership with the Boys and Girls Club of Cleveland, Ohio. Charlese explained, “I started the program while we were shooting Judas and the Black Messiah in Cleveland. We were shooting in an under-resourced neighborhood that was predominantly Black. And I could not see myself doing a film about the Black Panthers and not interfacing with the community that we were shooting in every day. I went to visit the boys and girls club of northeast Ohio with the cast including Daniel Kaluuya LaKeith Stanfield. After visiting I got inspired and asked the center director Joseph Greathouse II if I could donate sewing machines and start a sewing lab and program.” She later donated 11 sewing machines in 2019. She added, “Currently we are doing the program on 1st and 3rd Fridays. And on the 3rd Friday of the month I have industry friends come & speak. So the kids get to meet other Black professionals in fashion and costumes, get a mini lesson & ask them questions.” They are still hoping to add more machines to their programs, and seeking a number of related supplies. Additionally, 100% of the proceeds from Charlese’s curated collection on resale platform Dora Maar are available here ,
Wendy Raquel Robinson
Wendy Raquel Robinson co-founded the Amazing Grace Conservatory, and in addition to her decades of , [+] Experience in television, creates a nurturing environment for the next generation. Meagan Shuptar/@meaganshuptar
What She Does
A Los Angeles native, Wendy Raquel Robinson has been acting professionally in films and television for over 25 years. Robinson graduated cum laud from Howard University with a BFA in Drama, and went on to debut on Martin alongside Martin Lawrence. Throughout the late 90s and early 00s, Robinson picked up a bevy of roles. She played “Piggy” Grier on The Steve Harvey Show for its full six-season run, as well as starring in the NBC sitcom Minor Adjustments and sketch show Cedric the Entertainer Presents. Since 2006, Robinson has played sports agent Tasha Mack on the dramedy The Game,
Wendy Raquel Robinson on stage with children from Amazing Grace Conservatory. Amazing Grace Conservatory
How She’s Opening Doors for Others
Despite having a busy schedule as a professional actor, navigating the limited roles often available to Black women, Wendy has always made space to open up access to the arts to others. Since 1997, Wendy Robinson has been the executive and artistic director of the Amazing Grace Conservatory, a performing and digital arts school that serves underrepresented youth ages 5-18. Following Robinson’s own passion for the arts as well as that of late co-founder Tracy Lamar Coley, the school focuses on the arts and media production, and has welcomed thousands of students over their 25 year history. Amazing Grace Conservatory offers scholarships for students to attend post-secondary schooling. Alumni have gone on to attend Yale, Juilliard, Carnegie Mellon and more. Notable alumni include Emmy Award Winner Issa Rae, Academy Award Winner Ashton Sanders, Grammy Award Winner Elle Varner and many more. Marlon C Nichols
Marlon Nichols is the founding managing partner at MaC Venture Capital, a seed-stage venture capital , [+] firm that invests in visionary founders building the future that the world wants to see. Marlon Nichols/MaC Ventures
What He Does
Marlon C Nichols is a founder and managing partner at MaC venture Capital, in addition to Cross Culture Ventures. Nichols has a deep background in technology and media, as a former Investment Director at Intel Capital and Kauffman Fellows alumnus. Marlon has made many high-profile investments in new media and markets, including Gimlet Media, Mayvenn, and Wonderschool among others. In both 2018 and 2019, Marlon Nichols was named to Pitchbook’s 25 Black Founders and VCs to watch, as well as being featured in Fortune and TechCrunch. Now, in addition to his myriad advisor and board roles, Nichols serves as adjunct faculty in entrepreneurship and venture capital at the SC Johnson College of Business at Cornell University. In addition to his work at MaC, Nichols helps bring new students of color into the investment , [+] industry, partnering with Historically Black Colleges and Universities to serve students who might otherwise have the connections needed to fulfill their potential. Marlon Nichols/MaC Ventures
How He’s Opening Doors for Others
For more than five years , Marlon Nichols has partnered with Historically Black Colleges and Universities to demystify the world of startups and venture capital. Nichols has offered online courses, like Venture Capital 101 which covers the basics of funding and supporting startup firms. He’s also sponsored trips for HBCU students to visit Silicon Valley, and attending gatherings like South By Southwest where he has ensured there’s specific content designed around their educational needs. “It’s well documented that the lion’s share of venture capital investment dollars go to white men and a meager…
,

, Chief Operating Officer at Mayvenn , an omnichannel beauty tech marketplace platform, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Dr. Pathak was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. Dr. Mihir Pathak, Ph.D. accepted into Forbes Business Council
"We are honored to welcome Dr. Pathak into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world." As an accepted member of the Council, Dr. Pathak has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum and at members-only events. Dr. Pathak will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts. Finally, Dr. Pathak will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team. "I'm incredibly excited and grateful to become a member of the Forbes Business Council" said Dr. Mihir Pathak, who is currently leading strategic growth and series C fundraising at Mayvenn. "I am honored to be part of this community of visionary and influential leaders that share my enthusiasm for growing disruptive businesses. I look forward to sharing my diverse background and point of views, as well as Mayvenn's unique value proposition, with my peers and this community." ABOUT FORBES COUNCILS
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. To learn more about Forbes Councils, visit   forbescouncils.com . ABOUT MAYVENN:
Mayvenn's mission is to guide and empower women along their beauty journey. Mayvenn is unifying, and simplifying the fragmented beauty market starting with Black women. Our Vision is to become a beauty ecosystem: the largest managed marketplace for beauty products and salon services in the world. Mayvenn leverages data and AI to drive unified and exceptional customer experiences, while enabling independent beauty professionals to grow their businesses. Mayvenn has become the largest and only Black-owned, venture-backed tech company and empowerment network that strengthens and rewards Black entrepreneurship in the hair and beauty industry. To date, Mayvenn has paid out over $25 million to beauty professionals nationwide, and an additional $1.25 million in relief funds during the COVID-19 pandemic. To learn more about Mayvenn, visit shop.mayvenn.com . Contact: Jessica McCafferty

Dr. Mihir Pathak, Ph.D. Accepted into Forbes Business Council

Mayvenn

Groop Swoop

Ernst & Young

Madison Reed

Sabbatical

Sephora

Stack Exchange

McKinsey & Company

White House

NASA

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

Direct-To-Consumer Brands (Non-Food)

E-Commerce

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

Beauty & Personal Care

Fintech

Mayvenn empowers stylists and salons to retail products without them having to purchase or manage any inventory. The company is creating a direct sales distribution channel based on the existing stylist/customer relationship, lower prices, and better experience.

Gaingels

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
11/29/2021	Series B - II	$0.38M	Gaingels		0 FY undefined	1
4/15/2020	Loan	$99M	Subscribe to see more		0 FY undefined	0
11/7/2018	Series B	$99M	Subscribe to see more		0 FY undefined	10
6/19/2015	Series A	$99M	Subscribe to see more	$40.37M	0 FY undefined	10
7/1/2013	Seed VC		Subscribe to see more		0 FY undefined	0

Date	11/29/2021	4/15/2020	11/7/2018	6/19/2015	7/1/2013
Round	Series B - II	Loan	Series B	Series A	Seed VC
Amount	$0.38M	$99M	$99M	$99M
Investors	Gaingels	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Valuation				$40.37M
Revenue	0 FY undefined	0 FY undefined	0 FY undefined	0 FY undefined	0 FY undefined
Sources	1	0	10	10	0

Wells Fargo Success Story

3M Success Story

Platform Overview

Mayvenn

Total Raised

Deal Terms

Mayvenn Funding, Mayvenn Valuation & Mayvenn Revenue

Mayvenn Deal Terms

1 Deal Term

Discover the right solution for your team