03.21.23
Mad Rabbit Tattoo, a leading brand in the tattoo aftercare industry, has successfully closed a $10 million Series A funding round led by Lucas Brand Equity, with participation from Mark Cuban, H Venture Partners, and other notable 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’Oreal’s minority investment in Prinker Korea Inc.
Lucas Brand Equity (LBE), a private equity firm focused on the consumer industry, led the investment round and Ian Knowles, a partner at LBE has Joined the Board of Mad Rabbit. Mark Cuban, an entrepreneur and investor best known for his role on “Shark Tank,” also participated in the round, along with other well-respected investors.
"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."
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.
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.”
The brand now offers nine skincare products available online at its website, verishop.com, vitaminshoppe.com and in store at 350 Urban Outfitters and 1,200 GNC locations as well as 350 tattoo shops nationwide.
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’Oreal’s minority investment in Prinker Korea Inc.
Lucas Brand Equity (LBE), a private equity firm focused on the consumer industry, led the investment round and Ian Knowles, a partner at LBE has Joined the Board of Mad Rabbit. Mark Cuban, an entrepreneur and investor best known for his role on “Shark Tank,” also participated in the round, along with other well-respected investors.
"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."
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.
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.”
The brand now offers nine skincare products available online at its website, verishop.com, vitaminshoppe.com and in store at 350 Urban Outfitters and 1,200 GNC locations as well as 350 tattoo shops nationwide.
