05.21.18
Madison Reed's founder and CEO, Amy Errett, was named one of the Bay Area's Most Influential Women in Business. The annual award, bestowed by the San Francisco Business Times' editorial board, recognizes outstanding female leaders and their accomplishments.
In 2017, Errett steered Madison Reed through a year of unparalleled growth, culminating in $25 million of venture capital funding from Comcast Ventures and Macerich. Only two percent of female founders in the U.S. secured venture capital financing in 2017, according to data from PitchBook as reported by Fortune.
Also under Errett's leadership in 2017, Madison Reed embarked upon a new business model that adds to its ever-growing, "direct to consumer" business. The online startup now has a physical presence in the form of Madison Reed Color Bars.
These storefront locations in New York and San Francisco give time-pressed women fast, inexpensive color services that can be booked online. Madison Reed Color Bars have been such a success that the company plans to open more than 20 nationwide by the end of 2019.
The San Francisco Business Times will celebrate this year's class of the "Most Influential Women in Bay Area Business" at an awards gala on June 5, 2018, at the Hilton San Francisco Union Square.
