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Mielle Organics Founder Monique Rodriguez Plans To Launch An Investment Fund To Support Her Fellow Founders

Monique Rodriguez is turning a new leaf. Rodriguez is the founder of organic and natural haircare line Mielle Organics, which she founded in 2014. As AFROTECH™ previously told you, her company achieved early success scaling from her garage into major retailers, including Target, Walmart, and CVS, among others. By 2021, the company had been worth over $100 million. Although this achievement stands as a remarkable milestone for Rodriguez, her path to securing investments hasn’t always been paved with ease and success. Inc. Magazine reports she bootstrapped her business for the first seven years and then shifted her attention to securing capital. However, in the process she was met with rejections and unexpected changes to term sheets. In fact, a group of investors once presented her with a $2 million deal for 40% stake in the company, which she turned down. “I knew in my spirit that they were not the right investors, but I felt that because I wanted to continue to grow my business, I...

Mar 27, 2024

Mielle Organics Founder Monique Rodriguez Recalls Investors Wanting 40% Of Her Company: 'I Knew In My Spirit They Were Not The Right Investors'

The road to entrepreneurship looks different for each person, and Mielle Organics Founder and CEO Monique Rodriguez is proof of it.

Nov 10, 2023

Monique Rodriguez Opens Up About Her Decision To Sell Mielle Organics And What She Wants The Black Community To Know

Founders each have their own testimonies for why they believe their companies have found great success. Mielle Organics Founder and CEO Monique Rodriguez’s answer is complex yet still quite simple: Faith.

Jul 21, 2023

Procter & Gamble Acquires Black-Founded, Woman-Led Hair Brand Mielle Organics

Mielle Organics has smashed through yet another glass ceiling. According to Procter & Gamble, the hair company will officially join P&G Beauty, pending regulatory approval.

Jan 11, 2023

Mielle Organics' Monique Rodriguez Responds To Controversy Regarding Her Company's Hair Oil

Monique Rodriguez founded Mielle Organics in 2014 and has since created highly sought-after products for natural, healthy hair. As reported by AfroTech, Mielle Organics is now worth over $100 million, and Rodriguez has been able to grow her successful business on her own terms.

Jan 4, 2023

Mielle Organics Adds Steve Pamon, Former President And COO Of Beyoncé’s Parkwood Entertainment, To Its Advisory Board

Steve Pamon has a new role on his hands. According to a press release, the former president and COO of Beyoncé’s Parkwood Entertainment has been appointed to Mielle Organics’ Advisory Board.

May 18, 2022

Now That Monique Rodriguez Has Built Mielle Organics Into A $100M Brand, Here's Her Advice For Entrepreneurs

It’s one thing to break into the beauty industry, but another thing to come in and shift it. Founder and CEO Monique Rodriguez has built an empire within the space through Mielle Organics, an organic and natural haircare line created to produce healthier results for your hair. She is rightfully a pioneer in the haircare game, taking her line of products from being sold from her garage to barely staying on the shelves in giant retailers including Target, Walmart, CVS, and more. “My kids have been able to witness their mother, a Black woman, have a dream and go from their kitchen to big-box retailers, something that has changed my family’s life and for me that’s fulfilling,” said Rodriguez in an interview with AfroTech. To date, Mielle Organics is worth more than $100 million, drawing in a hefty $14 million in 2021, despite being in the midst of a pandemic. The company continues to soar to new heights with new products that keep the same energy that the company had when it was first...

Mar 23, 2022

Mielle Organics Lands Historic Investment Breaking Glass Ceilings For Black-Owned, Women-Led Haircare Brands

The natural hair movement in Black haircare is exploding, and Black-owned, community-focused natural hair care company Mielle Organics has been at the center of it since launching in 2014. This week, the brand announced that Boston-based firm Berkshire Partners has made a significant investment in the company that will help finance its future growth plans and continue the brand’s mission to “educate, empower, and excite Mielle’s customers and the broader hair care community,” a press release shares. “We are honored to invest behind Monique and Melvin and in Mielle,” Berkshire Partners Managing Director, Marni Payne said in a statement. “Mielle is an extraordinary business, but importantly has a larger purpose: to excite, empower and serve the community. Monique and Melvin have built this business from the ground up; we share their vision and are excited to support them as they continue their journey of growth and community.” According to a press release, the new investment will also...

Apr 9, 2021