03.21.23
Mad Rabbit Tattoo, a leading brand in the tattoo aftercare industry, has announced the successful closure of a $10 million Series A funding round led by Lucas Brand Equity, with participation from Mark Cuban, H Venture Partner, and other investors.
The funding round comes at a time when more investment is flowing into the tattoo space, with BIC's recent acquisition of Inkbox and L’Oréal’s minority investment in Prinker Korea, Inc.
"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," said Oliver Zak, CEO of Mad Rabbit. "This investment will allow us to continue to innovate and expand our product line, while maintaining our commitment to quality and customer satisfaction."
Mad Rabbit was founded in 2019 with a mission to create a brand that tattoo enthusiasts could trust. The company's products are made with natural ingredients and are designed to promote healing and prevent infections. Mad Rabbit has quickly become a favorite among tattoo artists and enthusiasts, and the company has seen rapid growth since its inception.
With the new funding, Mad Rabbit plans to expand its product line, increase its marketing efforts and grow its team to meet the demand for its products. The company is committed to providing the best aftercare and daily tattoo skincare products to ensure that tattoo enthusiasts have the best possible experience. Last month, the brand celebrated the release of its latest innovation, Mad Glide, a product that helps make the tattooing process more tolerable, at Atelier Eva in Brooklyn.
A year ago, Mad Rabbit received $4 million in fresh funding from Mark Cuban, alongside Acronym Venture Capital, Revolution's Rise of the Rest Seed Fund, LB Equity, and Seamless Capital.
A year ago, Mad Rabbit received $4 million in fresh funding from Mark Cuban, alongside Acronym Venture Capital, Revolution's Rise of the Rest Seed Fund, LB Equity, and Seamless Capital.
Shark Tank and Beyond
Mad Rabbit was featured on ABC’s hit show “Shark Tank” in 2021 where Zak and Agbitor secured an investment from Mark Cuban. Since then, the brand has accelerated in development and popularity, and is currently growing 138% year-over-year. Zak and Agbitor were also featured on the 2022 Forbes 30 Under 30 list for their continued innovation. Currently, Mad Rabbit sells one tattoo balm every 90 seconds and has helped preserve more than 3 million tattoos to date.
“I am thrilled to once again invest in Mad Rabbit and support its continued growth since their appearance on Shark Tank,” said Mark Cuban. “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.”