Ipsy has a new influx of cash to help expand its business. The beauty box subscription service, co-founded in 2011 by YouTube star and beauty industry magnate Michelle Phan, has closed $100 million in a Series B funding round.
Ipsy’s Series B round was led by both Tpb Growth and Sherpa Capital. The subscription service had previously raised roughly $2.8 million in funding from 500 Startups and Crosscut Ventures. With that funding alone, ipsy managed to reach $84 million in revenue in 2014, and hit the $150 million mark in May 2015.
"We see consumer preferences shifting dynamically across industries and ipsy embodies this trend for beauty,” said David Trujillo, a partner at Tpg, in a release. “ipsy has created a platform through which brands can more easily access customers, creators can connect with and expand their audiences, and consumers can discover new products and share these experiences via social media. We look forward to partnering with...
Ipsy’s Series B round was led by both Tpb Growth and Sherpa Capital. The subscription service had previously raised roughly $2.8 million in funding from 500 Startups and Crosscut Ventures. With that funding alone, ipsy managed to reach $84 million in revenue in 2014, and hit the $150 million mark in May 2015.
"We see consumer preferences shifting dynamically across industries and ipsy embodies this trend for beauty,” said David Trujillo, a partner at Tpg, in a release. “ipsy has created a platform through which brands can more easily access customers, creators can connect with and expand their audiences, and consumers can discover new products and share these experiences via social media. We look forward to partnering with...
- 9/14/2015
- by Bree Brouwer
- Tubefilter.com
From Lady Gaga's fantastical creations to Katy Perry's tongue-in-cheek costumes - today's female pop stars are in competition to top the charts for outrageous fashion. So what happened to elegant red-carpet styling? And how much more bizarre can their outfits get?
Spring is a fertile time. Not just for the lambs and the budding trees, but for fashion and trends. The first months of each year bring the latest round of catwalk shows from New York, London, Milan and Paris, and the concurrent awards season sent the best dressed in film and music trotting up the red carpets to the Grammys, the Brits, the Baftas and the Oscars. Spring is an orgy of style.
In the old days, if you wanted to look at the beautifully ridiculous, the conceptual or the just plain silly, the fashion shows were your best bet. Awards ceremonies, by contrast, used to be elegant oceans of pretty,...
Spring is a fertile time. Not just for the lambs and the budding trees, but for fashion and trends. The first months of each year bring the latest round of catwalk shows from New York, London, Milan and Paris, and the concurrent awards season sent the best dressed in film and music trotting up the red carpets to the Grammys, the Brits, the Baftas and the Oscars. Spring is an orgy of style.
In the old days, if you wanted to look at the beautifully ridiculous, the conceptual or the just plain silly, the fashion shows were your best bet. Awards ceremonies, by contrast, used to be elegant oceans of pretty,...
- 3/20/2011
- by Alice Fisher
- The Guardian - Film News
CAA, through its deal to sell a 35% non-controlling minority stake to Tpg Capital, has secured the means to remain a competitor among the top tier of Hollywood talent agencies at a time of great economic and industry challenges.Reports that the money from the deal, announced Friday, will be used to expand into sports, TV, movies and entertainment production drew questions about how the powerhouse will remain a seller of talent without becoming a buyer of the same talent. There's also the matter of a separate $500 million fund for acquisitions, which is being created jointly by Tpg and CAA. It's a fine line.That isn't going to be a problem, a source close to the agency insisted. He said reports of conflicts of interest simply don't reflect the reality of the deal. CAA, the insider said, will not use the money to produce to a degree that could create conflicts with its all-star client base.
- 10/4/2010
- backstage.com
CAA, through its deal to sell a 35% non-controlling minority stake to Tpg Capital, has secured the means to remain a competitor among the top tier of Hollywood talent agencies at a time of great economic and industry challenges.
Reports that the money from the deal, announced Friday, will be used to expand into sports, TV, movies and entertainment production drew questions about how the powerhouse will remain a seller of talent without becoming a buyer of the same talent. There's also the matter of a separate $500 million fund for acquisitions, which is being created jointly by Tpg and CAA. It's a fine line.
That isn't going to be a problem, a source close to the agency insisted. He said reports of conflicts of interest simply don't reflect the reality of the deal. CAA, the insider said, will not use the money to produce to a degree that could create conflicts with its all-star client base.
Reports that the money from the deal, announced Friday, will be used to expand into sports, TV, movies and entertainment production drew questions about how the powerhouse will remain a seller of talent without becoming a buyer of the same talent. There's also the matter of a separate $500 million fund for acquisitions, which is being created jointly by Tpg and CAA. It's a fine line.
That isn't going to be a problem, a source close to the agency insisted. He said reports of conflicts of interest simply don't reflect the reality of the deal. CAA, the insider said, will not use the money to produce to a degree that could create conflicts with its all-star client base.
- 10/3/2010
- by By Alex Ben Block
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.