$33mm for Madison Reed

Congratulations to CEO and Co-Founder Amy Errett, WG’88  Madison Reed just announced $33mm in new financing led by Sandbridge Capital. This funding will accelerate their Hair Color Bar Growth, with plans to operate 80 locations by the end of the year. They also plan to hire 850 new colorists who will earn 3x more than in a traditional salon, while receiving full-time benefits. They will also use this round of financing to grow its offerings and expand their product portfolio through new innovations.