Why Isn't Beauty Investing More Inclusive?
Access to capital, especially for female founders of color, remains a challenge.
Much work remains for the beauty investment landscape to be more inclusive.
Despite progress in recent years toward gender diversification, venture capital firms’ highest ranks remain largely homogenous. A 2018 report from the National Venture Capital Association and Deloitte found that out of a pool of 200 U.S. firms, 14 percent of investment partners were women. The study also found that the majority — 80 percent — of investment partners were white, with 15 percent identifying as Asian or Pacific Islander, 3 percent as Black or African American and 3 percent as Hispanic or Latino.
Women are making great strides in securing funds for their businesses. The number of women-led companies valued at $1 billion or more reached a record high last year — despite a $189 billion gender gap in funding, according to a Crunchbase report.
But intersectionality is key.