Vegan Makeup Brand for POC Raises $1 Million
Mented founders Amanda Johnson and KJ Miller became the 15th and 16th African-American women to raise that much in capital funding.
Vegan makeup startup Mented Cosmetics announced this week that it closed a $1 million investment round led by firm iSeed Ventures. The company—which creates vegan nail polish, lipstick, and other beauty products formulated specifically for people of color—was founded by Harvard Business School classmates Amanda Johnson and KJ Miller, who became the 15th and 16th African-American women, respectively, to raise $1 million in venture capital. According to Forbes, while an increasing amount of entrepreneurs are women of color, only .2 percent of venture capital is currently committed to startups founded by black women. “Our customer is always clamoring for more," Miller said. "Our end goal is that women of color feel prioritized in the world of beauty.” Mented officially launched in March with beauty collections that achieve the nude look for people of different skin tones. “Word of mouth has been really exciting for us," Miller said. "The message is really resonating. Women of color were used to being treated as an afterthought. It's not every day that you're a priority.” The duo will use the new capital to expand its product offerings to include vegan eyeshadow palettes and grow its brand presence by expanding its marketing efforts.
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More Flashbacks
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- Israeli Salami Brand Debuts Vegan Meat Line
- Vegan Burger Bar Pops Up for Earth Day
- 100,000-Square-Foot Vegan Block Party Hits LA
- Luxe Shop Debuts Vegan Avocado-Shaped Ice Cream
- IKEA Promotes Plant-Based Eating for Earth Day
- '50s Style Vegan Diner Opens in Michigan
- Vegan Chicken Nugget Startup Raises $1 Million
- Impossible Foods Makes First International Debut
- Cleveland Chef Debuts Bitchy Vegan Homo Cooking Show
- Vegan Girl Scout Thin Mint Chickpea Snacks Debut in June
- Vegan Tacos Win Food Battle Against Fish Tacos
- Postmates Ends Deliveries of Foie Gras
- New Vegan Market Opens in South Florida
- Beyond Sausage Debuts at All Whole Foods Nationwide
- Harry Styles Ends European Tour with Vegan Pie Prank
- Students Develop Plant-Based Burger That Mimics Salmon
- Vegan Goth-Themed Café Opens in Arizona
