Madison Reed’s $52 Million Financing Round

Fenwick & West LLP advised Madison Reed on the deal.

Madison Reed, a San Francisco-based hair color company revolutionizing the way women color their hair, announced its $52 million financing round.

The round was led by True Ventures. The financing included participation from Norwest Venture Partners, Comcast Ventures and Shea Ventures—all of which have invested in earlier rounds. New investors include Goldman Sachs, Motley Fool Ventures, Portfolia Rising America Fund and Portfolia FirstStep Fund.

The financing will continue to fuel Madison Reed’s omnichannel expansion and build upon the 130 percent growth it saw during 2020. 

The Fenwick transaction team included corporate partners Cynthia Hess (Picture) and Katherine Duncan; associates Jennifer Cho and Alyssa Zhang; and law clerk Colin van Loon.

Involved fees earner: Jennifer Cho – Fenwick & West LLP; Cynthia Clarfield Hess – Fenwick & West LLP; Katherine Duncan – Fenwick & West LLP; Alyssa Zhang – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Madison Reed;

Author: Martina Bellini