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The latest funding round monies will support marketing efforts and expanding the brands’ distribution channels.
September 30, 2022
By: Lianna Albrizio
Associate Editor
The Lip Bar Inc., the holding company for inclusive, Gen Z-focused color cosmetics brands The Lip Bar and Thread Beauty, founded by CEO Melissa Butler, has announced a $6.7 million funding round closure. The round was led by Pendulum with contributions from Endeavor and The Fearless Fund. Butler told the media that the round followed a decade of stable growth undisturbed by the recent Covid-19 pandemic. The company’s best-sellers that resulted in “crazy” sales were the brand...
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