LYS Beauty, First Black-Owned Clean Makeup Brand At Sephora, Lands Eight-Figure Investment Ahead Of Its 800-Store Expansion At The Retailer
Summary
Tisha Thompson is among the 2% of female founders who have successfully secured funding.Thompson launched LYS Beauty in 2021, a clean color cosmetics brand designed to serve a diverse range of skin tones and types, according to its website. Her journey in the beauty industry began during college when she worked as a makeup artist to support her education while studying accounting, Fortune reports. After earning her degree, she secured an accounting role at P\xdcR Cosmetics, where she quickly advanced through the ranks, eventually becoming VP of Marketing and Innovation.During my tenure there, I wore a lot of hats, similar to what I do now as a startup founder. I helped to innovate clean beauty product development, supported brand management and marketing, and also oversaw finance and operations, she told the outlet.Now, Thompson is successfully leading her own business and has stacked on wins since. Additionally, it has secured an eight-figure investment through a Series A round led by San Francisco-based private equity firm Encore Consumer Capital.Having the resources to scale as demand for LYS Beauty grows feels like kismet, and I couldnt be more excited for whats ahead, said Thompson, who will remain majority owner, in a news release.