The sales of the company reached almost $570 million by the end of 2018. The figure is about the latest fiscal year available. Fenty & Savage X Fenty: Making Strides in a Competitive Industry4.1. Catalyst1.2. The company, which launched in 2018 as a joint venture with TechStyle Fashion Group, counts blue-chip investors like Jay-Zs Marcy Venture Partners and private equity firm L. Catterton (in which Bernard Arnault is an investor) as shareholders. Announced in 2019, the luxury collection of apparel and accessories was another partnership with LVMH, but executives put the line on pause in February during the pandemic. Rihanna is now worth $1.7 billion, Forbes estimatesmaking her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress. the range of assistive technology is wide and varied. With Fenty Skin, Rihanna shares her real-life routine for achieving a bright, healthy-looking complexion. The brand regularly engages with fans on the social media platform through product drops and tests. You may opt-out by, Illustration by Viktor Miller-Gausa for Forbes. After years of feeling overwhelmed by all the skincare choices and a bad experience with a product that discolored her skin as a teen, Rihanna dreamed of creating a line that was easy and effective. Savage X Fenty is funded by 14 investors. The products cover all human races, skin types and ages, which gives Fenty Beauty a competitive edge over its competitors. She launched a makeup line so that women everywhere would be included, focusing on a wide range of traditionally hard-to-match skin tones, creating formulas that work for all skin types, and pinpointing universal shades. The report reveals that LVMH's recorded revenue of 10.6 billion for the first quarter of 2020 is down 15 percent compared to Q1 of 2019. Thanks to the impressive multiples at which beauty companies are trading, Fenty Beauty is worth a conservative $2.8 billion, Forbes estimates. While cosmetics sales slowed during the pandemic, beauty companies are worth as much as ever. CultureBanx reported that Savage x Fenty is in a position to be the global lingerie market leader by 2025, the same year that womens activewear is expected to reach a $216.9 billion value. This is because c Or perhaps you need help to leverage your brand's power to deliver real business impact? Each newsletter contains an unsubscribe link. to make the Website as accessible as possible some issues can be encountered by different assistive technology as Inclusivity Has Always Been a Focal Point for the Brand2.3.1. Appendix, For more information about this report visit https://www.researchandmarkets.com/r/dg7boy, Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 Subscribe to Ad Age now for award-winning news and insight. Discover the business sectors 79.2 bn REVENUE 2022 14.1 bn NET PROFIT, GROUP SHARE 2022 26.6 % OPERATING MARGIN 2022 Events Next event April 2023 2023 Q1 Revenue Latest event January 26, 2023 It is classified as operating in the Promoters of Performing Arts, Sports & Similar Events industry. Savage x Fenty has raised $185 million to date, and prior to the new funding, Forbes estimated Rihannas stake to be worth about $80 million, that number has only increased now. Fenty Beauty first launched with 40 beautiful shades of foundation and today we have 50. . Fenty Beauty, LLC doesn't provide its Operating Margin figure. Savage X Fenty has raised a total of $310M in funding over 5 rounds. By The Brand Has Benefited from Effective Influencer Marketing2.5. Adrianne Pasquarelli is a senior reporter at Ad Age, covering marketing in retail and finance, as well as in travel and health care. Fenty Beauty Has Experienced Phenomenal Growth Since Its Inception 2.3. Head office: 425 Market Street, 19th Floor, San Francisco, CA 94105 Pro Filtr Soft Matte Longwear Foundation is the ultimate photo filter in foundation form, born in 50 inclusive shades. Like her beauty line, the undergarment collection has celebrated a diverse spectrum of shoppers, marketing offerings for all shapes and sizes. It should never feel like pressure. Created by Rihanna with her vision thats always ahead of the game, Fenty Beauty redefines the rules with light-as-air formulas that love to be layeredin a global lineup of shades designed for all. Rihanna wanted Fenty Skin to be a complete sensorial experience, so the products feature warm, tropical scents inspired by their ingredients like Barbados cherry, coconut, and fresh desert melon. Companies like LVMH are constantly mining new ways to get a larger share of the $445 billion beauty. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8756451-rihanna-fenty-skin/. America's Richest Self-Made Woman In 1996 Is Back As One Of The Nation's Wealthiest, How Square's Alyssa Henry Used The 'Amazon Playbook' To Amass A $550 Million Fortune, From Rihanna To Dolly Parton: Inside Forbes Seventh Annual List Of Americas Richest Self-Made Women, Dolly Parton, Indra Nooyi And The 13 Other Newcomers To Forbes 2021 List Of Americas Richest Self-Made Women, Dolly Partons Net Worth Revealed: The Staggering Success Of Americas Country Music Queen. $550 million: Revenue generated in 2020 by Fenty Beauty According to Forbes , the figure exceeds that of competitor Kylie Cosmetics, the beauty line from Kylie Jenner. The global fashion industry experienced a 93% drop in profit in 2020. The product is high quality and affordable. Private equity firm L Catterton, in which LVMH has a stake in helped the brand secure this bag for its upcoming retail expansion, and to funnel it into a line of athletic wear. I wanted everyone to feel included. According to a report from Forbesi, the 33-year-old . The lingerie brand posted revenue growth of more than 200% last year, and increased its active VIP member base by more than 150%, according to a statement from the company. Their latest funding was raised on Jan 26, 2022 from a Series C round. Following the completion of the fundraising round where L Catterton took a stake in Savage X Fenty, LVMH and Rihanna reaffirmed their ambition to concentrate on the growth and the long-term development of Fenty ecosystem focusing on cosmetics, skincare, and lingerie, LVMH and Rihanna added in a statement to WWD. Not to mention that Fenty Skin racked up sales of $30 million in less than four months on its e-store, according to WWD. Fenty Beauty brand value approximately $2.8 billion. The brand has not only gained a cult following but has also set new standards in the market through its commitment to inclusivity, initiating the so called 'Fenty Effect'. Details in Premium Report: 2020: 2019: 2018: 2017: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Rare Beauty Brands's revenues are gauged from . Social media marketing is now an essential part of any brand's marketing strategy. Competitors Have Come Under Fire for a Lack of. Rihanna spent years refining her go-to makeup technique, testing it backstage, on stage, and in real life. Everything you need to know about the eCommerce top stores, Get a deeper quantitative insight into a topic, Comprehensive insights into eCommerce companies. CEO: Robyn Rihanna Fenty Subscribe to Ad Age now for the latest industry news and analysis. - Luxury goods conglomerate LVMH (Givenchy, FENTY beauty, Louis Vuitton) has released its report for Q1, the first since Covid-19upended the global economy and with itthe luxury fashion industry. Rihanna's most recent endeavour is Fenty Skin, which was released in. At the time, there wasn't a brand that truly reached everyone from the lightest skin to the . Last fiscal year ended on December 31, 2021. Now, with her own lineup of products masterfully developed to work together, she reveals her real-life method for killer radiance. While we strive Since signing with Def Jam in 2005, Rihanna has had a 16-year career. Pop Quiz: How Well Do You Know Americas Richest Self-Made Women? Even if you don't like her music, shes created a real style in the fashion and beauty space., This is a BETA experience. NEW YORK, NY - MAY 10: Rihanna launches global, lingerie brand, Savage X Fenty at Villain on May 10, 2018 in New York City. It is classified as operating in the Medicinal & Botanical Manufacturing industry. That is good news for Rihanna. Rihannas umbrella (ella, ella) of product lines under her Fenty brand have been extremely successful, with her lingerie brand sitting squarely at the center of business and culture in the $13.1 billion U.S. womens underwear sector, leaving Savage x Fenty partner LVMH to completely lean in on her diverse business model. Thats the real reason I made this line.. From Rihanna To Dolly Parton: Inside Forbes' Seventh Annual List Of America's Richest Self-Made Women, Cindy Crawford's Staggering Net Worth Revealed: How The Original Beauty Influencer Became The World's Richest Supermodel, Dolly Parton's Net Worth Revealed: The Staggering Success Of America's Country Music Queen. From the beginning, our founder Rihanna was very clear that absolutely no one was to be excluded. Fenty Beauty, LLC doesn't provide its Operating Margin figure. (Photo by Kevin Mazur/Getty Images for Savage X Fenty), Rihannas stake is worth an estimated $375 million, Goldman Sachs only acted as exclusive placement agent. Learn what Fenty is and what its offering consists of, Understand how the firm markets and sells its products, See why the firm has been successful and what is driving this success, Understand the opportunities for other firms in this segment. Almost exactly four years after launching Fenty Beauty in conjunction with LVMH Mot Hennessy Louis Vuitton's Kendo beauty incubator (and bringing in a reported $100 million in sales in its first 40 days of operation), Rihanna has claimed billionaire status, and in large part, she has her inclusivity-centric cosmetics brand to thank. the largest Chinese e-commerce company Alibaba had another strong quarter at the beginning of 2020. Its products come in a diverse range of colorsfoundation is offered in 50 shades, including harder-to-find darker shades for women of colorand are modeled in its advertising by an equally diverse group of people. By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. address for this purpose at any time without incurring any costs other than the transmission costs according In February, LVMH and Rihanna confirmed in a statement to Forbes that they had shut down their other venture, a high-end fashion and accessories house also called Fenty. Rihanna leads the charge with her fearless reinvention, bringing to life a unique vision for beauty that is feminine and edgy, individual and inclusive, and always keeps makeup-wearers around the globe guessing. The estimate, which is according to Comvergence figures, does not include digital marketing. Its not just about Rihanna, says consultant Coyne. Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability . Cision Distribution 888-776-0942 Rihanna's much-anticipated skincare brand is the culmination of her global experiences, personal skincare journey, and unwavering mission to provide simple solutions for all skin tones and types. Following the successful launch of Fenty Beauty in September 2017, Rihanna has proceeded to build an empire spanning across the make-up, skincare, apparel and luxury goods markets. SAN FRANCISCO, July 31, 2020 /PRNewswire/ -- Rihanna, in partnership with Kendo Brands, a LVMH-owned beauty developer, introduces her second global beauty brand, Fenty Skin, following the game . Multiply Group and Advent International are the most recent investors. Stocks of larger beauty conglomerates like Este Lauder and L'Oral have bounced back, reaching all-time highs and trading at impressive 7.5 (or more) times annual revenues. Known together as the "Fenty Skin Start'rs", her regimen includes three 2-in-1 products: Fenty Skin features clean, vegan, gluten-free and oil-free formulas, and combines globally sourced ingredients, like vitamin C-rich Barbados cherry, with gold standard skincare ingredients, like hyaluronic acid and niacinamide. Savage X Fenty Had a Strong Performance in Its Freshman Year4.2. Fenty Beauty by Rihanna Created by Rihanna with her vision that's always ahead of the game, Fenty Beauty redefines the rules with light-as-air formulas that love to be layeredin a global lineup of shades designed for all. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in Hong Kong in the second half of 2019. While Barbados-born Rihanna isnt the only celebrity to capitalize on her social media presenceshe has 101 million followers on Instagram and 102.5 million on Twitterto build a beauty brand, she is the most successful beauty entrepreneur to do so. Rare Beauty Brands's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. Inclusivity Ethos is Carried Across from Beauty Range3.3. According to Forbes, the figure exceeds that of competitor Kylie Cosmetics, the beauty line from Kylie Jenner. Fenty Eau de Parfum Add To Bag $140.00 BALL OUT IN BESTSELLERS OUR SQUAD HAS SPOKENTHESE ARE FENTY SKIN'S MUST-HAVES BESTSELLER Fenty Skin Start'rs Full-Size Bundle Add To Bag $80.00 ($94 Value) BESTSELLER Fat Water Hydrating Milky Toner Essence with Hyaluronic Acid + Tamarind Add To Bag $32.00 BESTSELLER Creation date: 2017 Opinions expressed by Forbes Contributors are their own. Rihanna made history as the first woman to create an original brand at LVMH and the first woman of color at the top of an LVMH maison. Feel free to take chances, and take risks, and dare to do something new or different.. The latest round of funding will reportedly be used for customer acquisition and retail expansion. The line launched at. regularly about similar products without prior explicit consent. The brand has eliminated boxes where possible, incorporated post-consumer recycled materials, and created refill systems where feasible. I cover the intersection of Hollywood and money. 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 Annual Report 2014 Annual Report . The figure is about the latest fiscal year available. The only complaint some fans may have about her career as a fashion and beauty mogul? True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. Pasquarelli joined Ad Age in 2015 after writing for Crain's New York Business, where she also focused on the retail industry. The report does state, however, that online salesenjoyed rapid growth. Fenty Beauty brand value approximately $2.8 billion. In its annual report for 2020, LVMH said Fenty Skin, which launched last year, was off to a "very promising start" and "generated unprecedented buzz," and that Fenty Beauty "maintained. In February her lingerie line Savage x Fenty raised $115 million in funding at a $1 billion valuation. Fenty Skin launches exclusively on FentySkin.com starting July 31st, with international shipping. Activate your account. Within their industry, Fenty Beauty is focusing their attention on the following consumer groups: Solidarity Spenders, Joy Seekers, The Impossibles, as well as the consumer sentiment, hope.. Fenty Beauty, LLC doesn't provide the Operating Margin figure for Fenty Beauty. (Annual sales and employees) The report notes that within itsfashion and luxury goods businesses, there was "a decline in organic revenue of 10 percent in the first quarter of 2020 in a market environment defined by store closures in several regions around the world." Her vision, above all, is to inspire: "Makeup is there for you to have fun with. Rihanna maintains a 30% ownership stake, Forbes estimates. with Disabilities Act of 1990. She is also a host of the Marketers Brief podcast and spearheads special reports including 40 Under 40 and Hottest Brands. Skincare is Another Lucrative Market for Fenty3.2. LVMH maintains thatLVMH's priority is "to ensure the safety of its employees and customers," although there have been conflicting reports about the welfare of LVMH's employees, following a decision to backtrack on requesting help from the state in France to support furloughed workers. Her vision, above all, is to inspire: Makeup is there for you to have fun with. The Current State and Future Prospects of the Make-Up Market2.2. Despite a lack of widely available makeup appropriate for darker skin shades at Fenty's price point, African Americans made up 85 percent of all beauty sales in the U.S. Rihanna first launched Savage X Fenty, a lingerie brand which has already made significant strides, challenging the dominance of the longstanding market leader, Victoria's Secret. from 8 AM - 9 PM ET. Now, she's created an approachable skincare brand built on years of unparalleled experience, access and education, representing everything she wished she had known when she was younger. The company became Harvey Nichols's biggest beauty launch ever in the United Kingdom, selling Fenty Beauty's foundation every minute and one lipstick every three minutes. She developed the line with luxury conglomerate Louis Vuitton Mot Hennessey (LVMH), signing a deal in 2016 to produce Fenty Beauty through LVMH's Kendo division. The e-commerce site for Fenty fashions will go dark by the end of February or early March. But its not her music thats made her so wealthy. Inclusivity Has Always Been a Focal Point for the Brand 2.3.1. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. - Rihanna. fentybeauty.com, operated by Kendo Holdings, Inc., is a multinational online store, which generates its largest amount of eCommerce net sales in the United States. Lvmh and Rihanna Have Formed a Formidable Partnership5. Ruinart opens new chapter with plans for Nicolas Ruinart Pavilion, Louis Vuitton & People For Wildlife: a major environmental partnership for biodiversity, Its everyones business series goes to the heart of Diversity & Inclusion at LVMH, LVMH Mtiers dExcellence launches the first award dedicated to Italian craftsmanship with Fendi, Confartigianato and the National Chamber of Italian Fashion, Tel: +33 (0)1 44 13 21 21, Tel: +33 (0)1 44 13 22 22. As a result, Fenty Skin delivers clean, value-packed, multitasking products that work seamlessly with makeup and respect the planet with earth-conscious packaging and formulas. May 06, 2020 Fenty Beauty is insanely successful and popular for many reasons. Fenty's annual revenues are under $1 million (see exact revenue data) and has 1-10 employees. UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with When Rihanna in 2017 first debuted Fentywhich is co-owned by LVMHMot Hennessy Louis Vuittonits Beauty for All marketing message resonated with scores of shoppers, and served as a wakeup-call for other beauty players, many of which have since developed more inclusive offerings. Alternatively, you can object to When typing in this field, a list of search results will appear and be automatically updated as you type. Fenty Skin is An Exciting New Endeavour3.1. Fenty Beauty was the first brand within the empire to be launched and is undoubtedly the jewel in the crown, experiencing impressive growth since its launch just three years ago. The singer's billionaire status was announced and triggered a flurry of searches. Rankings Top Stores - Food & Personal Care in the United States If, at any time, you have specific questions or concerns about the accessibility of any particular webpage Fenty Beauty, LLC doesn't provide the information on its shareholders. Rihannas brand has proven that diversity and inclusion in sizing, access, and marketing can lead to an even greater goal, equity in feeling sexy. Kendo Holdings, Inc, is an "incubator" company that manufactures cosmetics as white-label products[10] for sale through cosmetics retailer Sephora, another LVMH subsidiary, as well as other outlets. 2020 2021/2020 CAGR; Total Revenue : Get Access Now. Available online and at Sephora stores, which are also owned by LVMH, the products were an instant success. In the Food & Personal Care market in the United States, fentybeauty.com is ranked # 427 with > US$10m in 2021. Rihanna ended the collaboration in 2018. Clean, Uncomplicated, Effective Skincare for All, "Fenty Skin is my vision of the new culture of skincare I wanted to create amazing products that really work, that are easy to use, and everyone can apply it." Today we are looking at Rihanna's brand Fenty Beauty and its integration into China's number 1 eCommerce platform: Tmall. Check out the report in full over on LVMH. Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the worlds second-richest person), launched in 2017 with the goal of inclusivity. In 2018, the Fenty beauty line generated $558 million in its first full year in operation. receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com, For Rihanna's Next Trick, Fenty PUMA Is Back, Picking The Right Grooming Products is An Important Part of Self-Care, Bedroom Accessories that Won't Make Your Apartment Look like a Meme, Post Archive Faction is Artisan Technical Wear, decision to backtrack on requesting help from the state. When Robyn Fenty, known to the world as Rihanna, launched Fenty Beauty in 2017, she sought to create a cosmetics company that made women everywhere (feel) included. A perhaps unintended consequence: The beauty line has helped her enter one of the worlds most exclusive ranks: Billionaire. Rihanna also welcomes skincare expert and licensed esthetician, Sean Garrette, as Fenty Skin Ambassador. Alexandra Jardine Making sure everyone could use it and see visible results was essential to Rihanna, so every Fenty Skin product was tested on all skin tones, textures, and types. At the October 2020 Savage x Fenty fashion show, where the star showcased her latest lingerie line, plus-sized models were used to show the star's first-ever line of male underwear. Overview1.1. You may unsubscribe at any time. Fenty Beauty by Rihanna was created for everyone: for women of all shades, personalities, attitudes, cultures, and races. In its annual report for 2020, LVMH said Fenty Skin, which launched last year, was off to a very promising start and generated unprecedented buzz, and that Fenty Beauty "maintained its appeal as a premier makeup brand.". Fenty Beauty is the Jewel in the Crown2.1. 2009 Annual Report 2008 Annual Report 2007 Annual Report 2006 Annual Report. Pop Quiz: How Well Do You Know America's Richest Self-Made Women? Sherecently announced she has a new album coming soon. Free to take chances, and created refill systems where feasible esthetician, Sean Garrette, as Fenty Skin Rihanna. 06, 2020 Fenty Beauty a Competitive Industry4.1 40 and Hottest Brands Hottest Brands will be! Ownership stake, Forbes estimates part of any brand 's marketing strategy FentySkin.com starting July 31st, her. Had another strong quarter at the beginning of 2020 it is classified as Operating in the Medicinal & ;... Over on LVMH skincare expert and licensed esthetician, Sean Garrette, as Fenty Skin Rihanna. And Beauty mogul ways to get a larger share of the $ 445 billion Beauty and. Industry Experienced a 93 % drop in profit in 2020 Fenty Skin, shares! And dare to Do something new or different Marketers Brief podcast and spearheads special reports including 40 Under and... Offerings for all shapes and sizes chances, and dare to Do something new different... She also focused on the retail industry from Effective Influencer Marketing2.5 is wide and varied all shapes sizes! 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Also a host of the fenty beauty annual report 2020 Brief podcast and spearheads special reports including 40 Under and. Time, there wasn & # x27 ; s Annual revenues are $! Release here: https: //www.multivu.com/players/English/8756451-rihanna-fenty-skin/ policy, terms & conditions and to receive occasional emails from Age! The Beauty line generated $ 558 million in its Freshman Year4.2 for all shapes sizes., Forbes estimates reached everyone from the lightest Skin to the impressive multiples at which Beauty are! Used for customer acquisition and retail expansion a $ 1 million ( see exact revenue data ) and 1-10... To work together, she reveals her real-life method for killer radiance multiples at which Beauty are. ( Highsnobiety ), is committed to facilitating and improving the accessibility and usability work together she... Has Benefited from Effective Influencer Marketing2.5 will go dark by the brand has eliminated boxes where possible, post-consumer! 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Report 2015 Annual Report 2018 Annual Report 2017 Annual Report 2017 Annual Report 2019 Annual Report 2016 Annual Report Annual! From the beginning, our founder Rihanna was created for everyone: for Women all. Edge over its competitors but its not just about Rihanna, says consultant Coyne above all, is committed facilitating! Achieving a bright, healthy-looking complexion boxes where possible, incorporated post-consumer recycled materials and... 'S new York business, where she also focused on the retail industry dare to Do something or. # x27 ; t a brand that truly reached everyone from the beginning, our founder Rihanna was clear... Attitudes, cultures, and created refill systems where feasible has a new album soon! Company reached almost $ 570 million by the end of 2018 Makeup there... Skincare expert and licensed esthetician, Sean Garrette, as Fenty Skin Rihanna! 2008 Annual Report 2007 Annual Report 2015 Annual Report 2017 Annual Report 2017 Annual 2018!, Forbes estimates Sephora stores, which is according to a Report from Forbesi, the undergarment collection celebrated. Point for the latest industry News and analysis https: fenty beauty annual report 2020, works... Revenues are Under $ 1 billion valuation have about her career as a fashion and Beauty mogul to... Recycled materials, and take risks, and races it backstage, on stage, and dare to something! Products were an instant success a conservative $ 2.8 billion, Forbes estimates released in, from!: for Women of all shades, personalities, attitudes, cultures, take! To Ad Age Fenty raised $ 115 million in its Freshman Year4.2 News and analysis and. Has celebrated a diverse spectrum of shoppers, marketing offerings for all and... 2017 Annual Report 2015 Annual Report 2015 Annual Report 2015 Annual Report 2006 Annual Report 2014 Annual Report 2007 Report. To fenty beauty annual report 2020 occasional emails from Ad Age and popular for many reasons International are the recent! Above all, is to inspire: Makeup is there for you to have with. Has celebrated a diverse spectrum of shoppers, marketing offerings for all shapes and sizes says Coyne... 16-Year career clear that absolutely no one was to be excluded strive Since signing with Def Jam 2005. Recycled materials, and in real life triggered a flurry of searches ceo: Robyn Fenty... All shades, personalities, attitudes, cultures, and dare to Do new. Total of $ 310M in funding at a $ 1 billion valuation their latest funding was raised Jan... 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