THE WHAT? Tattoo aftercare company Mad Rabbit Tattoo has secured US$10 million in a Series A funding round, led by private equity firm Lucas Brand Equity (LBE), with other investors including Mark Cuban, and H Venture Partners.
THE DETAILS With the new funding, Mad Rabbit plans to expand its product line, increase its marketing efforts, and grow its team.
THE WHY? The tattoo industry has been experiencing a surge in investment recently, showcased by the BIC acquisition of Inkbox and Prinker Korea Inc.’s recent investment from L’Oréal, while LG Household & Health Care announced the imminent launch of a portable tattoo printer.
Oliver Zak, CEO of Mad Rabbit, says: “This investment will allow us to continue to innovate and expand our product line, while maintaining our commitment to quality and customer satisfaction.”