Function of Beauty was founded in 2015 by Zahir Dossa, Joshua Maciejewski, and Hien Nguyen. The company has not publicly endorsed plans to participate in an IPO.
Function of Beauty is a direct-to-consumer businesses that offers customizable hair and skin care products. While originally focused exclusively on hair care, the company expanded to include skincare with its 2021 acquisition of Atolla. Function of Beauty has raised more than $150 million in venture capital funding from investors including L Catterton, GGV Capital, and Y Combinator. The company did not disclose valuation figures after a $150 million fundraising round in 2020.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/02/2020 | Series B-5 | $39.03MM | $xx.xx | $1.1B | L Catterton, CircleUp, GGV | |
Price per Share
$xx.xx
Shares Outstanding
869,732
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
L Catterton, CircleUp, GGV
|
||||||
12/02/2020 | Series B-4 | $139,857 | $xx.xx | $1.1B | L Catterton, CircleUp, GGV | |
Price per Share
$xx.xx
Shares Outstanding
5,623
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
L Catterton, CircleUp, GGV
|
||||||
12/02/2020 | Series B-3 | $2.44MM | $xx.xx | $1.1B | L Catterton, CircleUp, GGV | |
Price per Share
$xx.xx
Shares Outstanding
194,331
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
L Catterton, CircleUp, GGV
|
||||||
12/02/2020 | Series B-2 | $916,329 | $xx.xx | $1.1B | L Catterton, CircleUp, GGV | |
Price per Share
$xx.xx
Shares Outstanding
72,744
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
L Catterton, CircleUp, GGV
|
||||||
12/02/2020 | Series B-1 | $107.48MM | $xx.xx | $1.1B | L Catterton, CircleUp, GGV | |
Price per Share
$xx.xx
Shares Outstanding
1,825,114
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
L Catterton, CircleUp, GGV
|
||||||
03/07/2017 | Series A-1 | $2.26MM | $xx.xx | $94.87MM | GGV Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
124,845
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GGV Capital, Y Combinator
|
||||||
03/07/2017 | Series A | $12.01MM | $xx.xx | $94.87MM | GGV Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
1,185,095
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GGV Capital, Y Combinator
|