Tattoos are now big business for the beauty industry.
Since 2021, tattooing and tattoo care products have attracted both investor and strategic acquirer attention. Brands like Mad Rabbit have raised millions in outside funding to provide tattooed customers with before, during and aftercare products. According to a 2015 Harris Poll, more Americans are getting tattoos, with 29% having at least one. Specifically, 47% of millennials have one compared to over 36% of Gen Xers. What was previously associated with only select groups of people, tattoos are now more common among people from all walks of life.
“A big agenda of Mad Rabbit overall is continuing to push and champion self-expression and make it normal and OK for someone to express themselves in any sort of room,” said Oliver Zak, co-founder and CEO of Mad Rabbit, on the latest episode of the Glossy Beauty podcast.
Mad Rabbit launched in 2019 with $600 invested between its co-founders, Oliver Zak and Selom Agbitor. They bootstrapped the business until being cast on “Shark Tank,” where Mark Cuban invested $500,000 in the brand for 12% equity. Cuban has further invested in subsequent fundraising rounds. Mad Rabbit has raised $16 million in total funding thus far.
Speaking on the podcast, Zak detailed the marketing steps the brand took to support its 2023 launch into Walmart, the reasons why people need tattoo care in the first place and the factors driving interest in the tattoo care category.
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