Mayvenn Raises $10M Series A Led by Andreessen Horowitz

Mayvenn Pic

We’re thrilled for our portfolio company, Mayvenn Inc., raising $10 million in Series A round led by the tech guru venture capital firm, Andreessen Horowitz.

Impact America Fund’s co-investment with Trinity Ventures, Core Innovation Capital, Troy Carter’s Cross Culture Ventures, and noteworthy individual investors including Jimmy Iovine, Serena Williams and Steve Stoute, CEO of ad agency Translation, closes out the round.

Mayvenn, an e-commerce direct sales platform, disrupts the $9 billion dollar shadow economy that is the Black haircare market by providing a platform for hairstylists to open their own online store. The technology creates an opportunity for stylists to increase client revenue up to 40% and has the power to enhance the lives of hundreds of thousands of independent laborers and their families.

 

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