Dae Haircare Raises $2.6 Million Seed Round
Amber Fillerup Clark’s hair care line Dae has raised a $2.6 million seed round.
This is the brand’s first capital raise and will be used to expand the team, build out inventory and for sampling and marketing, according to Clark.
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Benton advises her brands to be “maniacally focused on your margin profile” and on “bringing joy to your consumers’ lives” to drive repeat purchase. “We just don’t want to force these brands to have a billion-dollar exit to be successful, that’s irrational,” Benton said.
For Clark, an influencer with 1.3 million Instagram followers, Willow’s marketing approach was particularly important.
“So many investors were just pushing performance marketing and Facebook ads so hard, but to me it’s super important to go about it in a more genuine way and put more effort into deepening relationships with customers,” she said. The capital should also help the brand manage inventory and avoid out-of-stock moments, she noted.
“We ended up doing so much better than we thought and we surpassed all of Sephora’s projections and we ended up out of stock a few times,” Clark said.
She was speaking from Utah, where she and her family were on a road trip in a Dae-branded van, playing ice cream truck music and handing out free hair care samples and citrus and prickly pear Popsicles. The goal, she said, was to meet customers and new customers IRL. “We’ve been releasing maps of where we’ll be going, which cities and neighborhoods,” Clark said.
The brand will also launch new products, including Monsoon Moisture Mask in a few weeks, Clark said. She’s particularly interested in debuting multitasking products, and will potentially take the brand into other lifestyle categories. “We really want to be a part of the whole shower experience, so eventually body, scent is a really big thing for us — our customers have been begging for a body wash and body lotion,” Clark said.
Dae is on track to grow 300 percent for 2021, Clark said.
The brand is one of several Willow investments, which also include Bubble, Coterie, Goodfair, Feals, FlavorCloud, Lalo, Ox, Swell and YGN. Benton is also an investor in Manscaped, the fast-growing men’s grooming company.
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