# Lunata

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lunata

- Industry: Internet
- Headquarters: Toronto, Canada
- Website: www.lunatabeauty.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Nov 1, 2018)
- Investors on record: 1

## About

Lunata Inc. is a Canadian company specializing in innovative cordless hair styling tools, focusing on convenience and flexibility for modern consumers. Their products include cutting-edge hair straighteners and curling irons designed for on-the-go use.Founded in 2017 in Toronto, Canada, Lunata Inc. focuses on creating cordless hair styling solutions. The company was founded by Anastassia Boguslavskaya and Monica Abramov. Lunata completed a Series A funding round in December 2020, raising USD 3.000 mn with investments from Enfield Investments Holding Ltd., bringing the total amount raised to USD 3.000 mn.Lunata Beauty specializes in innovative cordless hair styling tools, primarily hair straighteners and curling irons. Their flagship product, the Lunata Cordless Styler, is the first full-sized, full-power cordless hot tool, offering up to 60 minutes of cordless usage. The company caters to a diverse customer base, including everyday consumers and professional stylists, with products marketed mainly in the United States, Canada, Europe, and select international markets, aiming to enhance the styling experience without cord constraints.Lunata Beauty generates revenue through direct-to-consumer sales of its cordless hair styling tools and accessories via its e-commerce platform. The pricing strategies are structured to appeal to both casual users and professional stylists, with flagship products like the Lunata Cordless Styler at the forefront. The company’s revenue model focuses on one-time transactions, ensuring easy access to the latest cordless styling technology for customers.In December 2020, Lunata Inc. raised USD 3.000 mn in Series A funding from Enfield Investments Holding Ltd. This funding will support the launch of new products currently in development, with specific plans to expand into additional markets in Europe and Asia by 2023.

## Funding rounds

- Seed, Nov 1, 2018, $0.8M — Gibraltar & Company

## Investors

- Gibraltar & Company (https://capitalatlas.ai/funds/gibraltar-company) — Seed