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After Raising over $3M, Popular VC-Backed Beauty Brand Ami Colé Is Shuttering

HARLEM, NEW YORK, JUL 17 – Ami Colé raised over $3 million in venture capital but closed due to market challenges, inconsistent sales, and declining funding for Black founders amid shifting diversity priorities.

Summary by TechCrunch
Diarrha N'Diaye-Mbaye, one of the first among the small number of Black women to raise more than $1 million in venture capital, announced on Thursday the closure of her award-winning beauty startup Ami Colé.

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The Cut broke the news in on Thursday, July 17, 2025.
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