Thirteen Lune closes $3m seed and P Diddy is a major investor in the brand

 Thirteen Lune is a beauty brand that makes skincare products, makeup, and other beauty products for people of color.  The company just closed on a $3,000,000 seed fund and they are on their way to becoming a successful black-owned business with the help of Puff Daddy aka Diddy and other investors.  

You can check out Thirteen Lune’s products if you click here.

“We are delighted to welcome thirteen lune into the Fearless Fund family,” says Arian Simone, “Nyakio has created a groundbreaking space to foster inclusivity in the beauty and wellness industries and we are excited to support the brand as they continue to scale over the next few years.” – Essence. 

“As an entrepreneur for 20 years, it was very exciting to see how much the venture landscape has transformed from when I first started fundraising back in the early 2000s. Representation matters and seeing an increase of diverse fund managers in the market was extremely encouraging during our process,” Grieco told Essence. “Even though we have seen incredible progress, only 1.2% of venture capital is invested in Black women-founded businesses today, so there is still much work to be done. I am proud to be part of the change and grateful to be building this business with Fearless Fund.”

“Of our many successes in 2021, I am most excited about demonstrating to the industry you can be on the right side of the inclusive conversation AND build a highly scalable and profitable business at the same time,” says Patrick Herning, co-founder of thirteen lune.

Thirteen Lune is doing business in a field that’s untapped, most popular makeup and beauty brands are not focusing on black skin products.  With Diddy’s help, the company can become successful because the market share that’s available to them is huge.

Today thirteen lune proudly carries 100 brands— 90% are founded by Black, Indigenous, People of Color (BIPOC) and 10% are ally brands. thirteen lune is growing exponentially this year, with 100% revenue growth in the past six months from online sales alone.  Their most recent partnership JCPenney, has scaled its brick-and-mortar footprint as the beauty shop-in-shop experience will be in 600 stores nationwide by 2023, with 10 already open. This retail expansion will supercharge growth for thirteen lune and increase consumer awareness. - Forbes.