BoldHue is poised to disrupt the beauty-tech industry with its personalized foundation device, successfully closing an oversubscribed seed round.WHO: Founded in 2020 by two-time entrepreneur Rachel Wilson and published scientist and former aerospace engineer for Raytheon Karin Layton, the innovative and patented device dispenses a perfectly matched shade in minutes and has been dubbed the "Keurig for makeup.”WHY: The funding milestone will allow the business to ship its first 10,000 units to an eager waitlist of over 40,000 this fall. It will also allow for the official onboarding of its first round of key executive hires and support marketing initiatives, including a nationwide road show.IN THEIR OWN WORDS: "We're incredibly grateful for the overwhelming support from our investors who share our vision for revolutionizing the beauty-tech industry. This funding milestone not only validates our technology but propels us forward in our mission to launch our personalized foundation device to all consumers and makeup enthusiasts alike. We are thrilled to be able to embark on the next phase of BoldHue's journey," said Rachel Wilson, co-founder and CEO of BoldHue.Lucas Venture Group Managing Partner Sarah Lucas said, "Supporting these trailblazing women from day one has been an absolute pleasure. Rachel and Karin have engineered the most elegant solution the beauty-tech industry has ever seen, setting a new standard for innovation and excellence. The ‘wow’ moment when people realize their perfect match foundation is delivered instantly is incredible!" said Lucas.DETAILS:BoldHue secured an oversubscribed seed funding round raising $3.37 million.