Makeup artist label Pat McGrath Labs has secured a $30 million financing package from the financial firm GDA Luma, according to Business of Fashion. The company filed for bankruptcy in a Miami court earlier this year to restructure its debts. The debt came from a loan obtained in April 2025 from GDA, according to the filings. The package was approved by a Miami, Florida bankruptcy court, which approved $10 million in new debtor-in-possession financing for the makeup brand, plus an additional $20 million in post-emergence working capital, according to a
Reload launched its flagship product, Epic, this week, following a $2.275 million funding round to provide a management system for autonomous AI agents within software engineering teams. Reporting from TechCrunch indicates that Reload aims to transform ad hoc developer AI usage into a governed corporate system with specific permissions and persistent oversight. This shift is significant because the entity controlling the system of record for AI agents dictates how automated labor is tracked, audited, and integrated across disparate vendor models. Organizations currently face fragmentation as different agents perform isolated tasks
Luke Bailey announced the permanent relaunch of Score, a dating application requiring Equifax-verified credit data for premium access, following a 50,000-user pilot phase that concluded in 2024. Reporting from TechCrunch indicates the platform will now operate as a permanent iOS application with planned expansion into the Canadian market. This move signifies a structural shift where credit bureaus, historically used for lending and housing, function as gatekeepers for social capital. By integrating soft-pull credit inquiries into the onboarding process, the platform formalizes financial health as a primary metric for interpersonal compatibility.
Complyance said Wednesday it raised a $20 million Series A led by GV to sell AI agents that run continuous governance, risk, and compliance checks inside enterprise tech stacks. Reporting from TechCrunch describes a product aimed at replacing periodic, audit-based reviews that can take weeks or months with automated checks that run in seconds. The shift matters because large companies increasingly treat compliance as a real-time control surface tied to vendor access and data movement, not a quarterly paperwork cycle. Capital is shifting compliance from audits to always-on controls Complyance
Kevin Hart’s Gran Coramino tequila has generated about $200 million in cumulative retail sales since 2022, executives said on Yahoo Finance’s “Opening Bid.” Reporting from Yahoo Finance cites co-founder and liquor executive James Morrissey saying the brand produced $85 million in 2025 retail sales, sold 3.6 million bottles, and delivered nearly $2 million in weekly consumer-level sales in stores. Yahoo Finance also reported that Gran Coramino sold nearly 300,000 nine-liter cases in roughly three years, with about half of those cases attributed to 2025. The numbers matter because U.S. spirits
Steven Bartlett’s Flight Story has partnered with Dr Raphael Sofoluke, founder of the UK Black Business Show, to launch Legacy Black. The 50/50 joint venture aimed at building a global media brand focused on Black business and wealth creation. The partnership targets over £100 billion ($134 billion) of economic impact over the next decade. It emerged after Bartlett spoke at the UK Black Business Show in 2023, evolving into a media business designed to convert community into a sponsor-backed revenue model. Flight Story And UK Black Business Show Join Forces
Steven Bartlett, the founder and host of “The Diary of a CEO,” said he hired a candidate with a two-line CV after reading her behavior in the building as a stronger signal than formal experience. Bartlett told Fortune that “much of the reason why I gave her the job was that she thanked the security guard by name on the way into the building.” He framed that moment as evidence of humility, respect, and social awareness, traits he considers difficult to train compared with job skills. During the interview, she
Skinbrand Topicals has added WNBA star Angel Reese and Nigerian artist Rema as investors in an undisclosed funding round, as the skincare brand navigates a pullback in institutional capital for consumer startups The round reflects a broader shift in how Black-founded consumer brands are financing growth in a more restrictive venture environment. As traditional investors grow more conservative, founders are increasingly treating distribution, cultural reach, and audience trust as strategic inputs alongside cash. Capital, Control, and the Cost of Growth Since launching in 2020, Topicals has raised more than $22.6
Sponsored by Microsoft for Startups On October 28, POCIT hosted Breaking Bread, an intimate dinner in Houston, Texas, designed to bring together early-stage founders for an evening of conversation, connection, and community. The dinner gathered seed-stage and Series A founders alongside a select group of venture capitalists, including Nasir Qadree (Founder & Managing Partner, Zeal Capital Partners) and Richard Odior (Head of Pre-Seed Investments, Zeal Capital Partners). Breaking Bread with Founders The gathering created a rare, intentional space for founders to slow down, exchange lessons, and build genuine relationships. Hosted
Sula Labs, a beauty research and development lab for melanin-rich skin, and UFarmX, an AI-powered agri-fintech platform tackling Africa’s agricultural financing gap, have been named the $100,000 Co-Grand Prize Winners of the Black Ambition Prize. Black Ambition’s fifth annual Demo Day, held November 14–15 in Miami, marked the culmination of its three-month accelerator for underrepresented founders. Featuring conversations with Pharrell Williams and investor Mellody Hobson, and a surprise performance from Chance the Rapper, the event spotlighted 27 prize winners selected from more than 2,500 applicants. Sula Labs: Pioneering Science-Driven Beauty for Melanin-Rich Skin
