Function of Beauty
-22%
est. 2Y upside i
Customizable beauty for hair, skin, and body care products.
Rank
#2784
Sector
Personal Products
Est. Liquidity
~3Y
Data Quality
Data: LowFunction of Beauty's equity offers negative expected return (-21.9%) over 2 years due to a severe preference overhang ($166M preferred vs $59M common valuation), stale valuation mark, and missing financial data.
Last updated: July 19, 2026
Retail partnerships (Walmart, Target) drive 3x exit multiple on $31.6M revenue, yielding 94.8M exit. IPO window opens, but common shares diluted 20%.
Exit multiple converges to 2.5x on $31.6M revenue, yielding $79M exit. After 20% dilution, common shares see 14% upside.
Multiple compresses to 1x, exit value $31.6M, below $166M preference stack. Common stock recovers approximately -100%.
Preference Stack Risk
severeFunding Intensity
281%Total preferred funding of $166M exceeds current valuation of $59M by 281%, giving preferred stock a massive liquidation preference over common.
Dilution Risk
highGiven the down round and lack of recent funding, a new raise within 24 months is likely, diluting common by 20%-25%.
Secondary Liquidity
noneNo secondary market activity reported; valuation based on stale round suggests no recent liquidity.
Questions to Ask at the Interview
Strategic questions based on Function of Beauty's data — designed to show you've done your homework.
- 1
“How do you plan to achieve profitability and reduce cash burn given the down round?”
- 2
“What is the current revenue run rate and month-over-month growth trajectory?”
- 3
“How does the company view secondary market liquidity for employees?”
Community
Valuation Sentiment
Our model estimates -22% upside. What do you think?
Anonymous. Do not share material non-public information.
Community Discussion
Comments are reviewed before they appear publicly.
Loading comments...
Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.