Financial News

Mexican Indie Beauty Brand Nopalera Raises $4 Million in Funding with Morgan Stanley

The funding aims to position the growing company to expand its retail presence and product offerings.

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By: Lianna Albrizio

Associate Editor

Sandra Velasquez, founder of Nopalera. Photo by Amanda Lopez.

Nopalera, a San Antonio, TX-based beauty and lifestyle brand founded by former “Shark Tank” contestant Sandra Velasquez is proving its business has teeth. The brand has closed a $4 million funding round led by Morgan Stanley’s Next Level Fund, co-led by San Diego-based L’Attitude Ventures, one of the largest Latino-focused early-stage venture capital funds. The funding aims to position the growing company to expand its retail presence and product offerings, officials said. ...

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