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Crown Affair Raises Series C Led By Stride Consumer Partners

The prestige haircare brand evolves from cult favorite to scaled Sephora player.
Rachel Brown·May 8, 2026·6 min read
The 30-second read
Crown Affair has closed a Series C funding round led by Stride Consumer Partners as it evolves from cult favorite to scaled prestige haircare player.

The deal

As first reported by Women’s Wear Daily, the round marks Stride’s entrance into prestige haircare. Financial terms weren’t disclosed, but the firm typically invests between $15M and $100M in brands generating roughly $10M to $150M in revenue.

Stride’s portfolio also includes Odele, Skinfix and Patrick Ta. Crown Affair previously raised a $1.7M seed in 2020, a $5M Series A in 2022 and a $9M Series B in 2024 — both led by True Beauty Ventures.

Referenced
Investor
Stride Consumer Partners
Investor
True Beauty Ventures

The brand

Founded in 2020 by Dianna Cohen — whose résumé includes Away, Into The Gloss and her consultancy Levitate — Crown Affair has built a following for its elevated, simplified approach to haircare. Hero products include The Dry Shampoo, The Oil, The Leave-In Conditioner and The Towel.

Crown Affair was disrupting an industry rooted in salon. It’s a lot of professionals telling you how to do your hair. It was so different than what you’re seeing in skincare and makeup where there was this democratization.
Elaine Choi, CEO, Crown Affair
Referenced
Brand
Crown Affair

The growth

Crown Affair landed in nearly 60 Sephora stores in 2022. By 2024 it was reportedly generating ~$20M in revenue, with projections to reach ~$30M the following year. Industry sources estimate $40M–$50M in topline sales this year.

Sales were split roughly evenly between DTC and retail last year — a mix expected to shift further toward retail. The brand rolled out endcap placements at Sephora stores nationwide this year.

~600

Sephora doors (endcaps)

from 60 doors at 2022 launch

Referenced
Retailer
Sephora

The strategy

A key imperative for Crown Affair is improving productivity inside Sephora. Choi describes a three-pronged plan: lean into hero products, boost basket size, and draw new customers through newness — notably The Smoothing Air Dry, which is bringing thicker- and curlier-haired consumers to a brand historically associated with finer, thinner hair types.

Crown Affair usually introduces only ~two hero products annually, prioritizing fewer, more meaningful product bets.

The category

Haircare has seen a string of deals lately — Henkel’s acquisitions of Not Your Mother’s and Olaplex, L’Oréal’s purchase of Color Wow. Per Circana, haircare grew 4% in mass and 8% in prestige in 2024, the steepest gain in any beauty category.

Consumers are becoming increasingly sophisticated through access to education. That shift is driving the acceleration of the skinification of haircare.
Nicole Fourgoux, Operating Partner, Stride Consumer Partners

The players

4 mentioned
Brand

Crown Affair

Founded2020
HQNew York, NY, USA
Revenue Range$40M – $50M
Funding StatusSeries C (2026)
Primary CategoryHair
Price Point
RxMassMasstigePrestigeLuxuryUltra Luxury
Hero SKUs
The Dry Shampoo
The Oil
The Leave-In Conditioner
The Towel
Community
184k 42.6k 5.2k
Top 3 Geographies🇺🇸 🇨🇦 🇦🇺
Top Channels / Retailers
Sephora
Sephora Canada
crownaffair.com
Recognition
Allure Best of BeautySephora Innovation Award
Investor

Stride Consumer Partners

Founded2019
HQBoston, MA, USA
TypeGrowth Equity
Fund Size~$700M (Fund II)
Check Range$15M – $100M
Target Stage
Pre-SeedEarlyGrowthLateBuyout
Geographic Remit
North America
Portfolio
Active investments (beauty)12 (4 in beauty)
Highlights
Odele
Skinfix
Patrick Ta
Crown Affair
Community
12.4k
Retailer

Sephora

Founded1969
HQSan Francisco · Paris
OwnershipLVMH (Public)
TypeSpecialty Retail
FormatOmni-Channel
Doors~600 US · 2,700+ global
Brands Carried300+
ModelWholesale + Own Brand
Price Points
RxMassMasstigePrestigeLuxuryUltra Luxury
Categories
Skincare
Makeup
Fragrance
Hair
Bath & Body
Top 3 Geographies🇺🇸 🇫🇷 🇨🇦
Community
22.4M 6.8M 2.1M
Recognition
NRF Top 100 Retailers
Investor

True Beauty Ventures

Founded2020
HQGreenwich, CT, USA
TypeVenture Capital
Fund Size$75M (Fund II)
Check Range$500K – $5M
Target Stage
Pre-SeedEarlyGrowthLateBuyout
Geographic Remit
North AmericaWestern Europe
Portfolio
Active investments (beauty)24 (24 in beauty)
Highlights
Crown Affair
K18
Saie
Westman Atelier
Notable Exits
Youthforia (acquired)
Vegamour (strategic)
Community
8.4k 14.2k
Recognition
Forbes Midas Brink List
Up nextCapital
Crown Affair Raises Series C Led By Stride Consumer Partners To Fuel Next Phase Of Sephora Growth