Range Beauty Shark Tank Net Worth-What Happened After Shark Tank?
What is Range Beauty Shark Tank Net Worth in 2023?
Range Beauty is a makeup brand that appeared in Shark Tank Season 13 Episode. The company was founded by Myisha Fantroy and Alicia Scott, who sought investment in Shark Tank to popularize their brand and give affordable clean beauty to the forgotten shades of people.
They asked for $150,000 in exchange for 6% equity in their company valuing the company at $2.5 million.
The company received an offer from Lori Greiner and Emma Grede for $150,000 for 20% equity reducing the valuation to $750,000.
The current net worth of Range Beauty is estimated to be worth $1 million.
The company did an estimated $300,000 in sales in 2020. However, according to and, Range Beauty earned $330,000 in sales in 2020 and has a net worth of $1.2 million as of 2022.
In summary, Range Beauty’s net worth is estimated to be around $1 million according to one source, while two other sources state that it has a net worth of $1.2 million as of 2022.
Range Beauty, a cosmetics company that makes makeup and skincare products exclusively for forgotten skin types, appeared on Shark Tank in Season 13.
The founders, Myisha Fantroy and Alicia Scott, asked for $150,000 for 6% equity but ended up accepting $150,000 for 20% equity from sharks Lori Greiner and Emma Grede.
In 2020, Range Beauty earned $330,000 in sales and got into Target stores where they consistently sold out.
There is no information available on the net worth of Range Beauty or its founders.
What Is Range Beauty And Who Founded Range Beauty?
Range Beauty is a makeup brand that offers plant-powered makeup for ultra-reactive skin. The company was founded by Alicia Scott in 2018.
Scott initially Googled her way into finding a solution to a problem that impacted not only her life but the lives of other Black women: inclusive yet clean cosmetics. She started with just $300 and launched her first product, a foundation, on Instagram.
Her post went viral after beauty influencer Jackie Aina saw it and reposted it with the phrase “This is what you call Range,” and it just blew up.
Scott closed shop in order to rebrand and officially relaunched as Range Beauty in 2018. After the relaunch, revenues hit $20,000 and then went up to $45,000 by 2019.
She was finally able to leave her 9-to-5 working in diversity and inclusion for a tech company, and by the end of 2020, she’d received $50,000 in grant money and had received her first investment of $200,000 off of a pitch competition.
Range Beauty products can now be bought on the company’s website as well as in Target stores.
What Happened To Range Beauty At Shark Tank?
Range Beauty, a makeup brand dedicated to making spots like acne and eczema invisible, appeared on Shark Tank Season 13 Episode 14.
The founders, Myisha Fantroy and Alicia Scott asked for $150,000 in exchange for 6% equity in their company. Lori Greiner and Emma Grede offered $150,000 for 20% equity, which the founders accepted.
Since appearing on Shark Tank, Range Beauty has seen success. In 2020, the brand earned $330,000 in sales and launched on Target’s website that year.
They have also partnered with ROSE Ingleton, HOORAE Media, and Marjani on March 2022, and are launching on Amazon this month. Range Beauty is also the first Black woman-owned beauty brand to receive an investment from Shark Tank.
What Happened To Range Beauty After Shark Tank?
Range Beauty is a makeup brand that appeared on Shark Tank Season 13 Episode 14. The founder of Range Beauty, Alicia Scott, asked for $150,000 in exchange for 6% equity in her company.
Lori Greiner and guest shark Emma Grede agreed to give up 20% equity in return for $150,000. This was the first time a Black woman-owned beauty brand received an investment on Shark Tank.
After appearing on Shark Tank, Range Beauty got an opportunity to do marketing for free through national television channels, which greatly improved the sales of their product. As of January 2023, Emma and Lori have closed the deal with Range Beauty.
They have also partnered with ROSE Ingleton, HOORAE Media, and Marjani as of March 2022.
In July 2022, just four and a half months after the original air date of the episode featuring Range Beauty, it appears that the deal with Lori and Emma closed. At this time, they are also in negotiations to get $1.5 million in venture funding.
Range Beauty ended 2020 with about $330,000 in revenue and launched on Target’s website that year. It is also launching on Amazon this month (March 2023). Reliable revenue figures after appearing on Shark Tank are unavailable at this juncture.
Is Range Beauty Still In Business?
Yes, Range Beauty is still in business as of January 2023. The company was launched in 2017 to provide clean beauty products with high-performance and affordable prices for melanin-rich, acne, and eczema-prone skin.
The founder of Range Beauty appeared on Shark Tank and received a $200,000 investment from Fearless Fund in 2021. In 2020, the company earned $330,000 in sales and got into Target stores. The sharks seemed happy with the numbers and their entrepreneurial spirit.
