A magnificence know-how firm which not too long ago secured a record-breaking funding from Dragons’ Den judges together with the entrepreneur Steven Bartlett will this week unveil an additional multimillion pound funding injection.
The capital-raise has been led by Nineyards Fairness, a Swedish-headquartered development fairness agency.
Yuv, which was based by Francisco Gimenez, who has additionally participated within the increase alongside different present traders, created a dishing out platform for skilled hair colourings, which it calls the yuv Lab.
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Related to an app, the system replaces single-use tubes with refillable aluminium cartridges so as to cut back waste whereas providing exact color formulations.
The know-how impressed each Mr Bartlett and fellow ‘Dragon’ Sara Davies, with every investing £250,000 at a £25m valuation – a document for a start-up pitching on the BBC present.
Yuv’s Sequence A spherical is designed to speed up its development within the UK and pave the best way for enlargement within the US subsequent yr.
“With the support of Nineyards Equity, VNV Global, and our investor network, we are doubling down on our mission to transform professional hair colour through sustainability, design, and technology,” Mr Gimenez stated.
“Our next chapter will bring yuv’s platform to more salons and freelancers across the UK, and soon to the US, where we see massive potential.”
Estimates means that the worldwide salon hair care providers market will develop in worth from $204bn this yr to just about $342bn by 2032.
“Yuv is bringing true digital transformation to professional hair colour by combining hardware, colour and software into a platform that solves real pain points for salons and freelancing hairdressers alike,” Eric Sävendahl, principal at Nineyards Fairness, stated.
