amika

amika

Offers diverse, clean haircare products

About amika

Simplify's Rating
Why amika is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Social Impact

Consumer Goods

Company Size

201-500

Company Stage

Acquired

Total Funding

N/A

Headquarters

New York City, New York

Founded

2009

Overview

Amika offers a variety of haircare products suitable for all hair types, textures, and styles. Their product line includes 11 distinct collections that cater to specific hair needs, such as enhancing shine and controlling frizz. Amika sells its products directly to consumers through its website and also partners with salons and retail stores, allowing them to reach a wide audience. A key feature of Amika's offerings is their commitment to clean and cruelty-free formulations, avoiding harmful chemicals like sulfates and parabens. They aim to achieve B Corp certification and are Climate Neutral certified, meaning they offset their carbon emissions. Founded in Brooklyn, Amika draws inspiration from its creative environment, focusing on inclusivity and challenging traditional beauty standards. Their goal is to provide effective haircare solutions while maintaining a strong ethical stance.

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Simplify's Take

What believers are saying

  • Amika's expansion into Southeast Asia taps into a rapidly growing beauty market.
  • The Amikaverse leverages Gen Z's interest in digital self-expression and gaming.
  • Achieving B Corp certification will enhance Amika's reputation among eco-conscious consumers.

What critics are saying

  • Increased competition in virtual spaces may dilute Amika's unique positioning.
  • Expansion into Southeast Asia may face challenges from local consumer preferences.
  • Reliance on Sephora for distribution could pose risks if partnership dynamics change.

What makes amika unique

  • Amika is a top 10 hair brand at Sephora, showcasing its market strength.
  • The brand's clean, cruelty-free products appeal to environmentally conscious consumers.
  • Amika's Amikaverse on Roblox offers a unique virtual experience for brand engagement.

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Company News

Cosmetics Design Asia
Apr 22nd, 2024
Hair care for everyone: Amika on quest to address diverse hair needs in SEA with sea buckthorn range

Amika recently launched in South East Asia in the latter half of 2023 in partnership with beauty retailer Sephora.

Happi
Jan 20th, 2024
Hair Care Brand Amika Launches Amikaverse on Roblox in Partnership with Obsess

Brooklyn-based, B Corp-certified hair care brand Amika has launched its first immersive virtual experience, "the Amikaverse," on Roblox in partnership with experiential e-commerce company Obsess.

VentureBeat
Jan 17th, 2024
Amikaverse Debuts On Roblox For Hair Care Fans

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Amika is a hair care brand that is launching its Amikaverse brand experience on Roblox today.Ecommerce builder Obsess helped create the Amikaverse along with Brooklyn, New York-based Amika to create a first-of-its-kind experience for a premium U.S.-based hair care brand. This immersive virtual venture aims to foster community engagement and self-expression among its users.Targeted at women, the Amikaverse on Roblox serves as an extension of Amika’s commitment to inclusivity, responsibility, and sustainability, embodying the brand’s core values. Roblox itself is happy to draw this kind of brand to its platform.“Hair customization and curation is more popular than ever on Roblox, and our research shows that avatar hair is the second most important element for 67% of Gen Z consumers to customize on a daily or weekly basis,” said Justine Higueras, head of beauty, CPG and QSR at Roblox, in a statement. “The opportunity for hair brands is massive on Roblox where over 70 million people connect and communicate daily – nearly half of them Gen Z – and it’s great to see experiences like Amika’s that lean into the creativity of the Roblox community and the power of digital self-expression.” Named after the Esperanto word for “friend,” Amika invites users to explore a virtual world where they can learn about the brand, play unique games, create virtual hair care products, and interact with characters in the Amikaverse environment, said Kelley Martin, senior vice president of marketing at Amika, in an interview with GamesBeat. “We stand for friendship

Happi
Jan 14th, 2024
Amika Introduces Stylist Collective

Amika introduces Stylist Collective.

Business Wire
Jul 27th, 2022
Stellus Capital Management, LLC Provides Unitranche Financing in Support of Bansk Group’s Acquisition of amika and Eva NYC

Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support

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