LUUM is introducing automation to the beauty-services market, initially focusing on eyelash extensions, a widely popular treatment ($20B global market opportunity).
Pioneering a patented combination of robotics, AI, and machine vision, LUUM applies a full set of eyelash extensions in 20 minutes (instead of 2 hours), while eliminating the costs and safety risks associated with human application.
The Management plan calls for building a large and fast-growing global beauty brand ($1B, 35% Y/Y Growth. 40% EBITDA) through both a multi-unit retail strategy (500+ studios), and a licensed Pay-Per-Use model with international brands (1,000+ machines).
The company used its seed funding ($10MM) to evolve a prototype to a human-safe machine and is successfully applying lash-extensions to humans today. It is now raising a $9.5MM series A to open its first studios, build its 3rd generation machine, and build the foundations for a world-class brand in a largely fragmented domestic and international market.
The team includes veterans in robotics AI, retail, and beauty. Philippe Sanchez is CEO (formerly Starbucks & Nike). Nate Harding is CTO / co-founder (formerly CEO / co-founder of Ekso Bionics- Nasdaq: EKSO). Lynn Heublein is co-founder / executive chairman and is the CEO of Skinspirit (medi-spa), the largest Botox reseller in America.
Seed investors include Foundation Capital, Accomplice, and XSeed Capital, along with key angel investors in the beauty and tech industries.
$1B+ Revenue ● Global Span ● N=1 Category Creator ● Robotics - A.I. - Machine Vision IP