California, USA-based leading brand in tattoo skincare, Mad Rabbit, raised USD 10 million in Series A funding. The round took place on March 22, 2023. Lucas Brand Equity led the financing for the firm. Meanwhile, Mark Cuban, H Venture Partners, and other notable investors joined in the funding.
As a part of the deal, Ian Knowles, a partner at LBE, joins the Board of Mad Rabbit.
Purpose of financing for Mad Rabbit
With the latest proceeds from the Series A funding, Mad Rabbit plans to expand its product line. It also aims to increase its marketing efforts. Meanwhile, the company seeks to grow its team to meet the demand for its products.
What the company’s official has to say
Oliver Zak, CEO of Mad Rabbit, said, “We are thrilled to have the support of such prominent investors who believe in our vision and our commitment to providing the best possible aftercare products to tattoo enthusiasts. This investment will allow us to continue to innovate and expand our product line while maintaining our commitment to quality and customer satisfaction.”
What the investors have to add
Mark Cuban, the investor for Mad Rabbit, further said, “I am thrilled to once again invest in Mad Rabbit and support its continued growth since its appearance on Shark Tank. The brand found a need that didn’t have a sophisticated solution. I admire that foresight and ingenuity and am excited for the future of the company.”
In addition, Ian Knowles, Partner at LBE, said, “This is our second investment in Mad Rabbit, having participated in the previous round, which of course, is indicative of our belief in the management team and the business. I have worked closely with Oliver, Drew, Selom and the team over the past 18 months, and they continue to prove their acumen as visionaries and business leaders. There is no other brand in the massive tattoo market delivering the range or quality of products and brand experience to consumers and professionals that Mad Rabbit is. Even at our early stage, it is by far the most notable brand in the category, and frankly, we’re just getting started. I look forward to our exciting future and the work we have ahead of us as we venture to build Mad Rabbit into the number 1 brand in the tattoo globally.”
About the company
Oliver Zak and Selom Agbitor launched the company in 2019. Mad Rabbit provides a clean, integrated skincare solution from preventative care, new tattoo aftercare, and daily tattoo skin essentials that support the long-term health of tattooed skin.
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