ISSUE – Jul. 16 | Lightspeed backs Lady Gaga’s makeup startup amid spike in beauty funding

Lady Gaga is known for creating hit songs—and now she’s hoping to achieve success in the startup world, too.

The musician is a founder of a new cosmetics company called Haus Beauty, the existence of which was originally discovered by a website called The Blast via trademark filings back in May. And now, reports have emerged that venture capital investors have taken an interest, with Lightspeed Venture Partners making an investment in Haus Beauty, per Recode.

The funding comes amid a boom in venture capital for US-based makeup and beauty companies. So far in 2018, investors have poured about $464 million into startups in the space, per the PitchBook Platform. That’s already more than any other year in the last decade, and we’re only a little over halfway through 2018 [ PitchBook ]

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