By StartupChi Team | October 10, 2024

Introduction

In a significant move for the vegan beauty industry, Daybird has announced the acquisition of a $10,000 grant, aimed at enhancing its innovative makeup and skincare product line. This funding is not just a financial milestone; it reflects the growing consumer demand for products made with non-comedogenic ingredients that are safe for all skin types. This grant positions Daybird to further its commitment to sustainability and inclusivity in the beauty space.

Background

Founded by a passionate team of beauty enthusiasts, Daybird emerged from the need for high-quality cosmetics that align with modern values—namely environmental sustainability and ethical production. Recognizing that many skincare products contain harmful, clogging chemicals, Daybird set out to create options that are both effective and gentle. Targeting the cosmetics manufacturing sector, Daybird is carving out a unique niche within the broader beauty landscape, which is increasingly leaning towards natural and health-conscious products.

Funding Details

On October 10, 2024, Daybird secured its first round of funding in the form of a grant amounting to $10,000. While the funding stage is still developing, the company’s initial traction speaks volumes about the potential for future rounds. This grant will be instrumental in fueling product development and marketing initiatives that aim to reach a wider audience.

Competitive Landscape

Daybird enters a highly competitive marketplace populated by brands like Fenty Beauty and e.l.f. Cosmetics, who are also championing environmentally friendly products. However, Daybird differentiates itself through its exclusive use of vegan and non-comedogenic ingredients, making it particularly attractive to increasingly conscientious consumers. This focus on clean beauty establishes Daybird as a promising contender in the cosmetics arena.

Future Plans

The recent grant will predominantly support Daybird’s efforts in product innovation, allowing them to expand their current offerings and refine their formulations. Additionally, there are plans for strategic marketing campaigns that will highlight the uniqueness of their brand to attract new customers. Enhancing their online presence and outreach will be paramount as they aim to grow in the competitive beauty sector.

Closing Remarks

With this initial funding, Daybird is poised for exciting developments in the clean beauty space. Stay tuned for more updates as they embark on this journey towards crafting vegan and sustainable beauty solutions. Visit their website to learn more: daybird.co.

Grant – Daybird:

• Organization Name: Daybird
• Organization Description: Daybird manufactures makeup and skincare products made with vegan and non-comedogenic ingredients.
• Website: daybird.co
• Funding Type: Grant
• Funding Round: Grant – Daybird
• Money Raised: $10,000
• Announced Date: Oct 10, 2024
• Funding Stage: —
• Pre-Money Valuation: —
• Equity-Only Funding: No
• Industries: Beauty, Consumer Goods, Cosmetics, Manufacturing
• Revenue: —
• Total Funding: $10,000
• Funding Status: —
• Number of Funding Rounds: 1
• Lead Investor: —
• Investors: —, , ,
• Number of Investors: —
• Number of Partner Investors: —