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Dallas Company 'You Go Natural' Headwraps Raises $2M Seed To Expand And Innovate The Beauty Market

The natural haircare beauty market will soon have a new go-to source for its next innovation. Black women-owned beauty brand You Go Natural (YGN) headwraps has announced the close of a $2 million seed funding round as it looks to expand its operations. According to a press release shared with AfroTech, the funding round was led by Brand Foundry Venture Partners as well as other investors such as Capital Factory, Willow Growth Partners and Lightspeed Venture Partners. YGN has shared that its next plan of action for the funds includes the round expanding its Dallas-based production facility from 1,500 to 7,500 square feet and growing its staff to reach over 100 employees. “As a Black female founder, I have unique market insight into the world of ethnic beauty,” founder Monique Little shared in a statement. “I know where the industry is way oversaturated, and I know where there are gaps in innovation and solutions that have yet to be introduced. The vision of YGN goes way beyond...

Apr 22, 2021