Ipsy isn’t the only beauty box subscription service out there offering monthly goodies for $10 a box, but now, it may be the richest.
According to TechCrunch, the brand just raised a $100 million round of funding from TPG Growth (an Uber investor) and Sherpa Capital, after previously raising less than $3 million up to this point. Ipsy was founded by Michelle Phan, YouTube beauty vlogger extraordinaire, and counts a user base of 1.5 million active subscribers.
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This article originally appeared on Recode.net.
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