ULTA Beauty

Ulta Beauty is the largest beauty retailer in the United States, renowned for providing a comprehensive range of cosmetics, fragrances, skincare, and hair care products, along with salon services. Since its inception in 1990, Ulta has expanded to 1,385 locations, primarily situated in suburban strip centers. The retailer offers over 20,000 products from more than 500 established and emerging brands, including its own private label. In terms of sales distribution, makeup accounts for 41%, while skincare and hair care each contribute 19%. Every Ulta store features a full-service salon that provides hair, makeup, skin, and brow services. The company is distinguished by its commitment to personalized customer service and an inviting shopping environment, as well as its popular Ultamate Rewards loyalty program.

Paula Oyibo

CFO

Kitt Wolfenden

Director of Corporate Strategy

5 past transactions

Luum

Venture Round in 2022
At Foxeye Robotics, we are pioneering the use of robotics, artificial intelligence and machine vision to create an entirely new category in the gigantic and lucrative beauty industry.

Revea

Seed Round in 2022
Revea is a us-based one-of-its-kind precision skincare company.

AdeptMind

Series A in 2021
AdeptMind Inc. is an AI company based in Toronto, Canada, that specializes in enhancing product discovery for online retailers. Founded in 2016, the company has developed a deep learning platform that utilizes artificial intelligence and natural language processing to improve the search experience for customers. By employing active learning techniques, AdeptMind's technology offers personalized search results and smart filtering, effectively addressing the challenge of irrelevant search results in e-commerce. This innovative approach enables retailers to provide a more intuitive search engine that aligns with customer intentions, all without relying on third-party solutions. The founders of AdeptMind previously achieved success with their earlier venture, Maluuba, and are now focused on building a dynamic team in downtown Toronto.

QM Scientific

Acquisition in 2018
Qm Scientific is a technology company that operates an artificial intelligence retail platform designed to enhance consumer shopping experiences both online and in physical stores. Founded in 2014 and based in San Jose, California, the platform utilizes deep learning, computer vision, and natural language processing to analyze individual shopping habits and preferences by gathering data from Point of Sale systems, loyalty programs, web activity, and partner IoT devices. By continuously learning from this data, Qm Scientific enables brands and retailers to offer personalized shopping experiences that aim to increase customer satisfaction and average transaction values. As of 2018, Qm Scientific functions as a subsidiary of Ulta Beauty, Inc.

GlamST

Acquisition in 2018
GlamST LLC is a beauty technology company that specializes in augmented reality solutions for retailers and beauty brands. Founded in 2011 and based in the United States, GlamST offers a web-based application that allows users to virtually try on makeup across multiple platforms, including mobile, web, and in-store environments. The company has developed over 100 custom filters that accurately represent various makeup products, showcasing true colors, textures, and finishes. With offices in San Francisco and Uruguay, GlamST is led by Agustina Sartori, its founder and CEO. The company has received funding from notable investors, enabling it to enhance its technology and expand its offerings in the beauty sector. As of October 2018, GlamST operates as a subsidiary of Ulta Beauty, further solidifying its presence in the industry.
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