Magnificence Tech Startup Zuri Receives Funding From Renew Capital

Zuri, a tech-enabled beauty company, has received an undisclosed investment amount from Renew Capital.

Zuri seeks to transform the African beauty industry with high-end, beauty products designed by Africans. 

About Zuri

Established in 2016, Zuri is a growing brand in the booming African beauty industry.  The company uses a unique business model that integrates physical hair salons, an e-commerce platform, and social media communication channels in 3 East African countries (Democratic Republic of Congo, Uganda, and Rwanda).

Zuri distributes its high-end products and services to the growing African consumer market. The company is also tapping into the growing demand in the African diaspora markets in Europe.

What They’re Saying

Zuri’s objective is to empower women, from all over the world, to become the best version of themselves. We have made it easy for our customers to access high-quality beauty products and services through all of our touchpoints,” stated Gisela Van Houcke, the founder & CEO of Zuri.

“We are thrilled to welcome Renew Capital aboard as we look ahead to the next phase of Zuri’s expansion journey,” she added.

“Zuri’s innovative approach, particularly their integration of technology to disrupt the beauty space, is truly exciting. Their growth trajectory is very promising, and we’re thrilled to join forces with them on this journey,” said Adam Abate, Renew Capital’s principal of investment management.

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