The Lip Bar Inc., the holding company for the beauty brands The Lip Bar and Thread Beauty, has closed a new funding round. The $6.7 million round, led by Pendulum, will focus on expanding The Lip Bar and Thread Beauty’s distribution as well as incubating a third beauty brand. Endeavor and The Fearless Fund also contributed to the fund. Melissa Butler, the business’ founder and Chief Executive Officer, said the round came after years of consistent growth unencumbered by the pandemic. “Our lip sales were crazy during the pandemic—we sold