San Francisco hair color beauty company Madison Reed announced it has raised $51 million in Series D growth capital led by existing investors Norwest Venture Partners and True Ventures. Also participating in the round was Comcast Ventures and new investor Meaningful Partners. The company, founded in 2013, previously raised about $70 million. The latest round will be used for online and brick-and-mortar expansion and coincides with the hiring of Brian Bouma as the company’s first COO and Carrie Kalinowski as CFO.
Source: Press release