Fearless Fund has lead a multimillion-dollar seed funding round for three-year-old inclusive hair brand Bread Beauty Supply. Fearless Fund previously supported brands such as Thirteen Lune and Kushae.
The investment will support Bread Beauty Supply's product line expansion, R&D, its Ulta Beauty partnership (comprising 460 doors), and expanding distribution and marketing.
"We are incredibly proud to support Bread Beauty Supply on their trailblazing journey to revolutionize the hair care industry," said Arian Simone, general partner at Fearless Fund. "Their innovative products and unwavering commitment to inclusivity have impressed us from the start. As a venture capital firm dedicated to empowering women of color founders, we are elated to support Bread's mission and are confident in their potential to create a meaningful impact. With our partnership, we aim to amplify their vision and drive positive change within the beauty and wellness sectors."
“I’m so excited to partner with Fearless Fund, an organization that prides itself on truly supporting women of color,” said Bread founder, Maeva Heim. “For the past three years, our goal of not only sustaining but expanding as a business is now possible with key investors creating a level playing field in the beauty category. This investment allows us to not only reach a larger consumer base but continue our commitment of bringing innovative products to those looking for a simplified, edited hair care routine with the key essentials resulting in healthy hair.”