HaloBraid, a robotics startup that aims to speed up the braiding process, has raised $7 million in a seed round led by Reddit co-founder Alexis Ohanian’s venture firm, Seven Seven Six. AlleyCorp and Biing Capital also participated in the seed round, as per TechCrunch. How does HaloBraid work? Co-founder Yinka Ogunbiyi conducted a study of 2,000 people, in which 95% said they would be more likely to get their braids done if the process took less time. When speaking to TechCrunch, Ogunbiyi said the stylists start the braiding and then hand
A judge has ordered Adwoa Beauty to file for Chapter 7 bankruptcy, meaning the company must cease operations and turn over its intellectual property and assets to a court-appointed trustee for sale. The beauty brand filed for Chapter 11 protection in October, while its lender, Aurous Financial Services, filed a lawsuit, according to Business of Fashion. Speaking to BOF, Adwoa Beauty founder Julian Addo said, “For me, conversion at this stage was the best outcome. I fought a really long, hard battle alone, and it just takes too many resources
Mielle Organics, a leader in textured hair care, has announced its first-ever partnership with an HBCU athletic program, which includes a WNBA-led mentorship program for student athletes. Mielle partners with Hampton University Mielle Organics has pledged $300,000 to Hampton University’s women’s basketball. The multi-year partnership includes a $200,000 donation to Hampton Athletics and a $100,000 endowed scholarship through Mielle Cares, the company’s philanthropic arm. Additionally, Mielle is introducing a WNBA-led mentorship program, providing Hampton athletes with professional guidance both on and off the court. Investing in the Future of HBCU
Richualist founder Dawn Myers has secured investment from business figures Mark Cuban and Emma Grede on Shark Tank for her hair tool for textured hair. The washday styling tool Myers’ product, The Mint, is designed to detangle, condition, and style curly to coily hair types (classified as 3A to 4C). The hair tool includes six attachments and is designed to simplify and enhance styling. The technology used heats liquid hair products to optimize their effectiveness, addressing the often complicated and time-consuming nature of managing highly textured hair. “You simply load your pod; think
