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Toni Braxton ’s beauty enterprise has received support to foster continued growth. According to a press release, the Grammy Award-winning singer will join forces with Accelerate360 to propel the expansion of TMB Beauty’s brain children which include vegan skincare line Nude Sugar, debut fragrance BREATHE, and onboarding beauty lines.
To ensure bias is removed from skincare product development, Revea has raised $6 million in funding. According to a press release, the Seed II round was led by Alpha Edison. In addition, Ulta Beauty, WaldenCast Ventures, GISEV, Verlinvest, Kathaka, and Stanford Co-Chair Musculoskeletal Imaging also participated in the round. “Ulta Beauty was founded to disrupt the status quo and today, we remain focused on doing just that across every touchpoint – with greater personalization than ever before,” said chief digital officer at Ulta Beauty Prama Bhatt, according to a press release. “We are thrilled to support Revea as they continue to disrupt and deliver unique, personalized skincare solutions.”
The NAACP has sealed a partnership with Hello Alice, and it’s a pinnacle moment for Black entrepreneurs. In hopes of creating a new future for Black businesses, the civil rights organization will be acquiring an ownership stake in one of the world’s leading platforms to spur development and growth for small Black-owned businesses. “To champion true racial equity, we need to address the long-standing economic inequality that has left Black communities underfunded and undervalued for centuries,” NAACP President & CEO Derrick Johnson said in a press release. “According to the U.S. Small Business Administration, today there are an estimated 2.6 million Black-owned businesses, and this first-of-its-kind partnership is a pivotal step towards putting Black business at the forefront of our economy and as a result, building generational wealth and economic power for Black communities.” Before the NAACP’s investment, they tapped Hello Alice to launch the Black-owned Business Resources to...