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.
LUUM’s technology transforms both the consumer experience & the economics of the category, bringing unrivalled productivity, profitability (50%-75% 4-Wall EBITDA), and ROIC.
Management plans to build a large and fast-growing global beauty-brand ($2B, 35%+ Y/Y Growth, 40% EBITDA) through both a de-novo & roll-up multi-unit retail strategy (800+ studios), and a licensed pay-per-use model with international brands (1,200+ machines).
The company used its seed funding ($10MM) to evolve a prototype to a human-safe machine and has started its consumer trials in Oakland, CA. It is now raising its next round of financing to open its first studios, build its 3rd generation machine, and launch 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.
$2B+ Revenue ● Global Span ● N=1 Category Creator ● Robotics - A.I. - Machine Vision IP