Black Beauty Retailer Thirteen Lune Closes $3M Seed Led By Fearless Fund
Summary
The investment will accelerate production of thirteen lune’s private label line, improvements to its supply chain, and build a more robust executive level team. Representation matters and seeing an increase of diverse fund managers in the market was extremely encouraging during our process,” says Nyakio Grieco, cofounder of thirteen lune. I am proud to be part of the change and grateful to be building this business with Fearless Fund.” To date, only 93 Black women have raised more than $1 million in venture capital funding. This Fearless Fund led investment results in $4.5 million total capital raised for thirteen lune, and signals a paradigm shift for Black women founders. "Of our many successes in 2021, I am most excited about demonstrating to the industry you can be on the right side of the inclusive conversation AND build a highly scalable and profitable business at the same time,” says Patrick Herning, cofounder of thirteen lune.