Launched last month, the e-commerce shop raised $1 million from investors including Sean “Diddy” Combs, Gwyneth Paltrow and Beautycounter founder Gregg Renfrew. Now it’s seeking additional capital in order to scale the business and grow its index of brands.
Thirteen Lune is calling on venture capital investors “that have been vocal about a commitment to meaningful change and representation of diverse founders,” the company said.
“As a Black female beauty founder, where often fewer than 0.5 percent of Black female founders receive funding, I understand the difficulties Black and Brown founders are faced with when looking to raise capital,” co-founder Nyakio Grieco said in a statement.
Created in a partnership between beauty veteran Grieco and 11 Honoré founder Patrick Herning, the marketplace currently features brands like Buttah, Dehiya Beauty and Joanna Vargas.
“I believe in the Thirteen Lune mission to build generational wealth for Black and Brown business owners,” said Combs in an email statement.