HelloAva

AI Platform For Skincare

Company Information

Website:

https://helloava.co/

Sector:

Consumer Products

Location:

New York, NY

Beauty care is a $517 billion industry. Yet when it comes to skincare — a $19 billion market in the U.S. alone — the majority of women struggle to find the right products.

73% can’t accurately describe their skin type. 81% rely on referrals when purchasing products. And 99% of respondents in a recent survey said they want unbiased data regarding optimal skincare options.

HelloAva provides guidance for these women. Its patent-pending Artificial Intelligence-powered platform provides custom skincare product recommendations. Users simply create a “skin profile,” view recommended products, and receive discounts for future orders.

HelloAva has a 96% customer satisfaction rate, and generated $2 million in revenue in 2019. The company has partnerships with large consumer product goods companies like Unilever.

HelloAva’s investors include SoGal Ventures, Long Venture Partners, and Gingerbread Capital. Its co-founders studied at Stanford, Columbia, and Harvard, and have experience at notable companies including Microsoft (Nasdaq: MSFT), Amazon (Nasdaq: AMZN), Goldman Sachs (NYSE: GS), and Morgan Stanley (NYSE: MS).

Team Background

Siqi Mou - Co-Founder & CEO
Kailu Guan - Co-Founder & CCO
William Zhang - Co-Founder & CTO

Co-Investors

Gingerbread Capital

A VC fund investing in tech companies run by women.

DHVC

A California-based VC fund investing in early-stage tech companies. Successful “exits” include FlightCar and Airware.

SoGal Ventures

The first female led, “millenial” VC fund investing in seed-stage companies in the U.S. and Asia.

Long Venture Partners

A VC firm investing in early-stage tech companies in the U.S. and China.

Raising
$1.07 million
Committed
$161.625K (15%)
Current Valuation
$15 million Cap / 0% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $815K
    2016-08-15
    Unknown
Notable Investors
  • Gingerbread Capital
  • DHVC
  • SoGal Ventures
  • Long Venture Partners
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