Although organic beauty may conjure images of sap and colloidal oatmeal, according to Juice Beauty Founder, Karen Behnke, there's glam in the world of natural artisanship. Behnke would ultimately team up with Gwyneth Paltrow to create a line that would both challenge and dwarf these notions.
The past couple of years have shown roaring success for organic beauty. No longer the ineffective brainchild of hippies, it's instead the cool new up-and-coming arm of the billion dollar industry. And one company that majorly capitalized on this upward momentum was Behnke's brand.
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In 2016, Renee Wang sold her home in Bejing for $500,000 to fund her company, CastBox. Two months later, she landed her first investment. Just a half hour after hearing her pitch, she was offered one million dollars. By mid-2017, CastBox raised a total of $16 million in funding. CastBox's user numbers at that point? Seven million. Fast forward to today. Renee Wang of CastBox announces a $13.5 million Series B round of financing, bringing her funding total to a tidy $29 million. CastBox is now serving more than 15 million users.