# Madison Reed funding: rounds and investors

> Madison Reed has raised $121M across 4 rounds since 2017. Investors include Norwest Venture Partners, Alumni Ventures and Gaingels. Every round with its source.

Source: https://millionrounds.com/company/madison-reed (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Madison Reed*

4 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Beauty Consumer Services Internet

Raised 8 months ago

Funding summary Updated 27 Oct 2026

**$121M** raised across 4 rounds since 2017, from 4 sources

**$25M** Round **$51M** Series D **$40M** Debt **$5.0M** Round

- **Latest round:** Round, $5.0M Mar 2026
- **Biggest round:** $51M Series D · Jan 2019
- **Investors:** 10

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2021 2023 2025

**$25M** Round

**$51M** Series D

**$40M** Debt

**$5.0M** Round

- **First round:** Round, $25M
- **Biggest round:** $51M
- **Usual gap between rounds:** 15 months

## The rounds

- **Mar 2026** Round **$5.0M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $5.0M sold, first sale Mar 2026
- **Oct 2025** Debt **$40M** *4 new* *1 returning* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Maveron](https://millionrounds.com/fund/maveron) Source recorded
- **Jan 2019** Series D **$51M** *3 new* [Norwest Venture Partners](https://millionrounds.com/fund/norwest) Meaningful True Partners/ Comcast Reported by FinSMEs SEC filing: $51M sold, first sale Dec 2018
- **Oct 2017** Round **$25M** *3 new* [True.](https://millionrounds.com/fund/true) [Calibrate Ventures](https://millionrounds.com/fund/calibrate-ventures) Comcast Ventures/ Norwest Reported by FinSMEs SEC filing: $17M sold, first sale Oct 2017

## Founders and team

From Madison Reed's own website: 2 founders, 5 on the team.

**Amy Errett** CEO Founder & Board Member

**Michael Dubin** Founder of Dollar Shave Club

- **Nancy Bigley** President of Stores
- **Brad Lande-Shannon** Chief People Officer
- **Jose Zuniga** Chief Financial Officer
- **Maureen Watson** Chief Product Officer
- **Sheila Shekar Pollak** Chief Marketing Officer

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2017 **Series D** 2019 **Debt** 2025 **Round** 2026 [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Maveron](https://millionrounds.com/fund/maveron) [True.](https://millionrounds.com/fund/true) [Calibrate Ventures](https://millionrounds.com/fund/calibrate-ventures) Comcast Ventures/ Norwest Meaningful True Partners/ Comcast

## Everyone who backed them

[Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **2** rounds

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round

[Maveron](https://millionrounds.com/fund/maveron) VC firm **1** round

[True.](https://millionrounds.com/fund/true) VC firm **1** round

[Calibrate Ventures](https://millionrounds.com/fund/calibrate-ventures) VC firm **1** round

Comcast Ventures/ Norwest no record of our own yet **1** round

Meaningful no record of our own yet **1** round

True Partners/ Comcast no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=madison-reed).

## Also claim to have backed them

These 11 firms list Madison Reed as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[True Ventures](https://millionrounds.com/fund/true-ventures) VC firm Per its own site

[Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) Corporate VC Per its own site

[Portfolia](https://millionrounds.com/fund/portfolia) VC firm Per its own site

[Motley Fool Ventures](https://millionrounds.com/fund/motley-fool-ventures) Corporate VC Per its own site

[Sandbridge Capital](https://millionrounds.com/fund/sandbridge-capital) Growth equity Per its own site

[Jayesh Parekh](https://millionrounds.com/fund/jayesh-parekh) Angel Per its own site

[Runway Growth Capital](https://millionrounds.com/fund/runway-growth-capital) Private credit Per its own site

[Fenwick Brands](https://millionrounds.com/fund/fenwick-brands) Private equity Per its own site

[Citrine Angels](https://millionrounds.com/fund/citrine-angels) Angel network Per its own site

[Next Act Fund](https://millionrounds.com/fund/next-act-fund-llc) Angel network Per its own site

[Wealthing VC Club](https://millionrounds.com/fund/wealthing-vc-club) VC firm Per its own site

## Quick answers about Madison Reed

### Who invested in Madison Reed?

Madison Reed's investors include Norwest Venture Partners, Alumni Ventures, Gaingels, Goldman Sachs and Maveron, and 5 more on record.

### How much has Madison Reed raised?

Madison Reed has raised $121M across 4 rounds since 2017.

### When did Madison Reed last raise?

Madison Reed's most recent round, $5.0M, was in Mar 2026.

### What was Madison Reed's biggest round?

Madison Reed's largest round on record is $51M (Series D), in Jan 2019.

### Who backed Madison Reed first?

Madison Reed's first round on record, in Oct 2017, was backed by True., Calibrate Ventures and Comcast Ventures/ Norwest.

### What stage is Madison Reed at?

Madison Reed's latest named round is a Debt, in Oct 2025.

### Where is Madison Reed based?

Madison Reed is based in the United States.

## Companies like Madison Reed

In the same sector, and raised in the last eighteen months.

[**Simile** $600M · Oct 2026](https://millionrounds.com/company/simile)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Stride** $16M · Oct 2026](https://millionrounds.com/company/stride)

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