On April 21, 2022, Compass Beauty Inc. closed the transaction. The company received has $5,999,998.924800 in its seed-II round of funding led by new investor, Alpha Edison, and included participation from new investors, Ulta Beauty, Inc., GISEV, Verlinvest S.A., Kathaka and returning investor, Waldencast. The round is raised at a post money valuation of $12,768,416.