Thrive Causemetics
Beauty with a purpose: for every product purchased, one is donated to a woman going through cancer treatment.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
$15.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 92 % | 86 % | 27 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Thrive Causemetics is a dynamic player in the beauty industry, specializing in high-performance, luxury cosmetics. Founded by Karissa Bodnar, the company operates primarily in the United States and serves a diverse clientele that includes beauty enthusiasts and socially conscious consumers. Thrive Causemetics offers a wide range of products, including mascaras, eyeliners, eyeshadows, primers, concealers, blushes, bronzers, highlighters, lip liners, lip tints, glosses, and lipsticks. They also provide various tools and sets, catering to different makeup needs.
The company stands out in the crowded beauty market through its unique business model, which combines product sales with a strong philanthropic mission. For every product purchased, Thrive Causemetics donates to help communities thrive, focusing on empowering women and supporting various charitable organizations. This "Bigger Than Beauty" giving mission has led to significant contributions, with over $25 million in funds and products donated in 2022 alone.
Thrive Causemetics generates revenue through direct-to-consumer sales via its website, thrivecausemetics.com. The company also incentivizes customer loyalty through programs like "Refer a Friend" and offers perks such as free samples with purchases over a certain amount. Their marketing strategy leverages the power of social proof, showcasing best-selling products and customer favorites to attract new buyers.
In summary, Thrive Causemetics is not just a beauty brand but a movement that combines high-quality cosmetics with a commitment to social impact. Their innovative approach has resonated with consumers, making them a standout in the beauty industry.
Keywords: luxury cosmetics, high-performance, philanthropic mission, direct-to-consumer, social impact, beauty enthusiasts, charitable donations, customer loyalty, product sets, empowering women.