Backstage Capital is a venture capital firm established in 2015 and based in West Hollywood, California. The firm focuses on investing in startups led by underrepresented founders, specifically targeting women, people of color, and LGBTQ+ entrepreneurs. By prioritizing these diverse groups, Backstage Capital aims to address the funding disparities in the startup ecosystem and provide crucial support to innovative businesses that may otherwise face challenges in securing investment. Through its commitment to inclusivity, the firm seeks to empower a new generation of leaders in the entrepreneurial landscape.
Trim-It is a mobile barbershop service that allows customers to schedule hair and beauty appointments at their convenience, whether at home, the office, or the gym. The company operates a tech-enabled platform where users can easily book appointments with professional barbers who come to their chosen location. Trim-It offers both on-demand services and a subscription model, which provides customers with a streamlined booking experience while allowing them to save time. The pricing structure reflects the added convenience of mobile services, enabling barbers to earn more than the average in traditional settings.
Afrocenchix
Seed Round in 2019
Afrocenchix is a beauty care brand focused on providing natural hair care products specifically designed for curly and multi-textured hair. Recognizing the unique challenges faced by customers in the $42 billion afro haircare market, Afrocenchix adopts a customer-centric and data-driven approach to formulate and manufacture its products. The brand has successfully sold over 65,000 bottles of its safe and effective products, which are made from natural and organic ingredients. Committed to environmental sustainability and ethical practices, Afrocenchix ensures that its products are cruelty-free and made with ethically sourced raw materials, free from preservatives. The brand's award-winning offerings have received recognition in prominent publications such as Vogue and have garnered an average customer rating of 4.7 stars from thousands of reviews.
Naturalicious
Seed Round in 2019
Naturalicious, LLC is a manufacturer of natural, vegan hair care products aimed at women, particularly those with curly hair. Founded in 2011 and based in Canton, Michigan, the company offers a range of multi-tasking items including shampoos, conditioners, hair masks, and hair serums. These products are designed to simplify hair care routines for busy individuals, helping them achieve healthy and strong hair while minimizing breakage and locking in moisture. Naturalicious distributes its products through both physical retail stores and online channels.
ShearShare
Pre Seed Round in 2018
ShearShare, Inc., also known as HAIRbnb, is a mobile platform that connects salon and barbershop owners with licensed beauty professionals, allowing them to rent unused suites and booths on demand. Established in 2015 and based in McKinney, Texas, the company caters to a diverse clientele including cosmetologists, barbers, hairstylists, makeup artists, and various beauty specialists. ShearShare offers a comprehensive database of on-demand salon and barbershop space rentals, providing affordable leasing options and essential business tools to self-employed stylists. In addition to its rental services, the platform includes advertising options, further supporting beauty professionals in their pursuit of flexible working arrangements.
Swivel
Seed Round in 2017
Swivel creates a mobile app that help black women find the perfect hairdresser. The company's app lets women of color discover and book a stylists for their individual hair type and desired style, enabling women of color the missing resource for finding the right salon or stylist.
TresseNoire
Seed Round in 2016
TresseNoire, LLC is an online platform that specializes in providing on-location beauty services tailored for women of color in New York City and Philadelphia. Established in 2014 and headquartered in Philadelphia, the company enables clients to easily book and pay for various beauty treatments, including styles for natural hair, precision cuts, and custom hair care regimens. TresseNoire caters to a range of events, such as promotions, graduations, and bridal showers, ensuring that customers receive personalized care. The platform also connects users with virtual beauty coaches who analyze their hair, skin, and lifestyle needs, offering customized advice and product recommendations. By focusing on the specific beauty requirements of its clientele, TresseNoire aims to enhance the beauty experience for its customers across the United States.
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