Ipsy
Beauty subscription company, creator founded, BFA Industries · San Francisco Bay Area
- Founded
- 2011
- Entered
- 2011
- Status 2026
- Active
- Metro
- San Francisco Bay Area
- Embeddedness
- 5 connections
- Confidence
- verified · strongest source trade or financial press
Method
Michelle Phan co founds MyGlam in 2011 with Marcelo Camberos and Jennifer Goldfarb in San Mateo, California, launching the monthly bag in September 2012 and renaming it Ipsy. TPG Growth and Sherpa Capital lead a 100 million dollar round in September 2015 at about 800 million, Phan leaves in 2017 to run EM Cosmetics, and Ipsy buys BoxyCharm for 500 million in October 2020 to form BFA Industries, which raises 96 million from TPG in February 2022. Camberos steps down as chief executive in January 2023 for Scott Gilbertson of TPG, the incubator Madeby Collective is closed the same year, and the two boxes are consolidated under the Ipsy name. No sale or new ownership is confirmed through 2026.
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The path: money and goods moving
- owned byMichelle PhanPhan co founds MyGlam in 2011, renamed Ipsy in 2012; Ipsy raises $100 million in September 2015 and she leaves in 2017.2011 to 2017
- backed byTPG GrowthTPG Growth leads a 100 million dollar round in September 2015 and a 96 million dollar round in February 2022.2015 to present
- invested inEM CosmeticsIpsy holds EM Cosmetics from the 2015 L'Oreal exit until it agrees to sell the brand to Phan's Divinium Labs on September 21, 2017.2015 to 2017
- spawnedMadeby CollectiveIpsy establishes Madeby Collective as its brand incubator in 2019.2019
- stocksItem BeautyItem Beauty samples through Ipsy bags, the incubator's built in distribution. (partly verified)2020 to 2023