Julep Beauty Inc. has raised $10.3 million in a Series B round of Financing led by venture capital firm Andreesen Horowitz.
Returning investors in the round include Maveron, the venture capital firm co-founded by Dan Levitan and Howard Schultz, the chairman and chief executive of Starbucks. Jane Park, ceo and co-founder of Julep, was a former Starbucks executive. Another returning investor is Precedent Investments, a joint venture capital fund finances by Overbrook Entertainment founders James Lassiter Will and Jada Pinkett Smith, and Jay-Z’s Roc Nation.
Jeff Jordan, partner at Andreesen, said, “Jane and Kate [MacDonald, chief operating officer] and team have leveraged the Internet to build Julep into a compelling brand at a pace previously unheard of in beauty.”