Range Beauty is a makeup brand that gained widespread attention after appearing on the hit TV show Shark Tank. Founded by Alicia Scott and Myisha Fantroy, Range Beauty offers a wide range of inclusive and affordable skincare and cosmetics products.
During their Shark Tank pitch, Alicia and Myisha requested a $150,000 investment in exchange for 6% equity in their company. However, they ultimately accepted a deal from renowned investors Lori Greiner and Emma Grede, who invested $150,000 for a 20% stake in Range Beauty.
Since their appearance on Shark Tank, Range Beauty has seen remarkable success and growth. The company’s net worth is currently estimated to be around $1 million, with revenues of $330,000 in 2020. Their unique range of products has garnered positive reviews and loyal customers, making them a standout brand in the beauty industry.
Key Takeaways
- Range Beauty is a makeup brand founded by Alicia Scott and Myisha Fantroy.
- They appeared on Shark Tank and secured a $150,000 investment from Lori Greiner and Emma Grede.
- The company’s net worth is estimated to be around $1 million.
- Range Beauty offers inclusive and affordable skincare and cosmetics products.
- Their unique range of products has gained positive reviews and a strong customer following.
What Is Range Beauty?
Range Beauty is a cosmetic beauty product brand that offers a range of forgotten shades of clean beauty. The company was founded in 2017 by Alicia Scott and focuses on providing inclusive and affordable makeup products. Their products are designed for sensitive and acne-prone skin, with a range of skincare ingredients that address specific skin issues. Their bestsellers include hydrating foundations and primers.
| Product Line | Key Features |
|---|---|
| Hydrating Foundations | Formulated with moisturizing ingredients to keep the skin hydrated throughout the day |
| Primers | Silicone-free primers that create a smooth base for foundation application |
| Lipsticks | A wide variety of shades to suit different skin tones |
Range Beauty prioritizes clean beauty, ensuring that their products are free from harmful chemicals and irritants. Their skincare-focused approach sets them apart in the cosmetics industry, providing customers with products that not only enhance their natural beauty but also promote healthy skin.
The Founder of Range Beauty
Alicia Scott is the CEO and founder of Range Beauty. With a fashion background and a passion for inclusivity, she started the company in 2017 to address the lack of diverse makeup shades in the beauty industry. Alicia holds a Bachelor of Science degree and has a strong background in marketing and diversity analytics. Armed with a $300 investment, she launched Range Beauty and has since grown the brand through pitch competitions and grants.
| Background | Education | Experience | Entrepreneurial Journey |
|---|---|---|---|
| Fashion | Bachelor of Science | Marketing and Diversity Analytics | $300 startup investment |
