hanahana beauty

Redefine the Shea Butter + Body Care Industry

Claim My Business
Security Type
Other, Consumer Goods & Products, Retail, Community & Lifestyle, Health & Fitness
Min Investment
Chicago, IL
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Grew to +$2M in sales, as a digitally native brand, without using paid marketing
E-commerce sales have been driven by 70% returning customers.
Achieved 85% gross margins since the company was founded
Selling in +500 Ulta Beauty Stores nationwide
Awarded best in beauty by Essence Mag, Cosmopolitan, Byrdie, Elle Magazine, & Beauty Independent
Current Investors Include A16z TxOLongjump VC, Capitalize VC, Alexis Ohanian
Featured in: Vogue, Forbes Magazine, New York Times Essence, Forbes Magazine,

Management Team / Advisory Board Bios

Abena Boamah-Acheampong Founder/CEOAbena, the founder and CEO, holds an MEd in counseling psychology and launched the business from her kitchen while working as a 7th-grade algebra teacher. Her work has been recognized at Harvard University as well as many other publications., Imani Amos Operations Manager
Imani has served as the Operations Manager since 2021, overseeing three product launches and managing all production operations and logistics for 600 JCPenney and 450 Ulta Beauty stores., Teni Odunsi Executive Director Teni joined Hanahana Beauty in 2019 as a grant writer, later assuming the role of social impact lead, and currently serves as the Executive Director of the Hanahana Circle of Care, overseeing three healthcare days in Tamale, Ghana., Nana-Ama KyeremehCustomer Service Nana-Ama has been directing our customer service operations since 2020. Additionally, she is a founder of her own consulting agency and possesses extensive experience in the startup ecosystem., Alice Harris SchlotterbeckData Analytics + StrategyAlice, who joined Hanahana Beauty in 2022, is currently pursuing her MBA at Columbia University. She brings extensive experience in leading data analytics at successful startups and has played a crucial role in launching new products and in retail., Samira AbderahmanBrand Project Manager Samira, who joined the team in 2022, brings prior experience as a project manager in both large tech companies and galleries. She played a pivotal role in launching three new products and expanding our retail business., Frances Agyei Executive Asssistant Frances, with Hanahana since 2020, transitioned from an operations assistant to an executive assistant. She co-led the launch of our Geneva Community and has been spearheading community activations and partnerships since 2021.
Amount Raised : $123,050
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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