Mad Rabbit Tattoo, a market leader in tattoo aftercare, has announced the successful completion of a $10 million Series A funding round led by Lucas Brand Equity, with participation from Mark Cuban, H Venture Partners, and other notable investors. With BIC’s recent acquisition of Inkbox and L’Oreal’s minority investment in Prinker Korea Inc., the funding round comes at a time when more investment is flowing into the tattoo space.
Lucas Brand Equity (LBE), a consumer-focused private equity firm, led the investment round, and Ian Knowles, a partner at LBE, has joined the Mad Rabbit Board of Directors. Mark Cuban, best known for his role on the hit television show “Shark Tank,” as well as other well-known investors, took part in the round.
Mad Rabbit was founded in 2019 with the goal of creating a brand that tattoo enthusiasts could rely on. The products of the company are made with natural ingredients and are intended to promote healing and prevent infections. Since its inception, Mad Rabbit has quickly become a favorite among tattoo artists and enthusiasts, and the company has experienced rapid growth.
Mad Rabbit intends to use the new funds to expand its product line, increase marketing efforts, and grow its team in order to meet the growing demand for its products. The company is dedicated to providing the best tattoo aftercare and daily skincare products to ensure that tattoo enthusiasts have the best experience possible.
Mad Rabbit was featured on ABC’s hit show “Shark Tank” in 2021 where Zak and Agbitor secured an investment from Mark Cuban. Since then, the brand has accelerated in development and popularity, and is currently growing 138% year-over-year. Zak and Agbitor were also featured on the 2022 Forbes 30 Under 30 list for their continued innovation. Currently, Mad Rabbit sells one tattoo balm every 90 seconds and has helped preserve more than 3 million tattoos to date.
BIC’s acquisition of Inkbox and Prinker Korea Inc.’s recent investment from L’Oreal are just a few examples of recent investment in the tattoo industry. This trend reflects the increasing popularity of tattoos as well as the growing demand for high-quality tattoo products and services. In the United States, 44% of the population now has at least one tattoo, more than doubling in less than ten years. In conjunction with the surge in investment and consumer adoption for continued self-discovery, the tattoo industry is expected to grow by 9.43% globally by 2029.
Tattoo enthusiasts can expect even more high-quality Mad Rabbit products in the future, thanks to the support of LBE, Mark Cuban, and other investors who share the company’s vision for excellence.
Mad Rabbit’s products have excited the tattoo community since 2019. Founded by two friends with a passion for ink, Mad Rabbit is a clean integrated skincare solution from preventative care, new tattoo aftercare, and daily tattoo skin essentials that support the long term health and vibrancy of tattooed skin. Mad Rabbit delivers results-driven skincare line designed to improve overall tattooed skin quality with an environmentally-conscious approach. Mad Rabbit was featured on “Shark Tank” in 2021 where they received an initial investment from entrepreneur, Mark Cuban. Since then founders Oliver Zak and Selom Agbitor have been included on the Forbes 30 Under 30 List, which recognized their ingenuity and success.
