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The blue goo looked like a science experiment gone wrong. Metallic, electric, unnatural. I watched as my husband Michael painted it across his lips, and I thought, “What have we done?”

It was 2020. The world was locked down. Salons were shuttered. And we were sitting in our London home, staring at a formula we had spent months developing in our own lab — a peel-off lip stain that went on blue and revealed a long-lasting tint underneath. It was strange. It was bold. It was, frankly, a little terrifying.

“We knew we had something different. But different doesn’t mean successful. Different just means… different.” 

We launched it quietly. No big PR push. No celebrity endorsements. Just a product, a website, and a hope.

Then, something happened. A creator posted a video of the reveal — that moment when the blue masque peeled away to reveal a perfect, long-lasting stain. The comments exploded. “Wait, what IS that?” “I need this.” “How does it work?”

Within weeks, that single product had racked up over one billion views across social media . By 2025, we had sold over 7.5 million units globally . One lip stain was selling every five seconds on TikTok Shop . And our annual revenue hit $125 million — up from virtually nothing just four years earlier .

But here’s what nobody tells you about going viral: It’s terrifying. Because once you have the world’s attention, you have about five seconds to prove you deserve to keep it.

Wonderskin didn’t become a beauty industry success by accident. This case study explores how a single viral lip stain helped build a $125 million brand, the marketing strategies behind its explosive growth, and the lessons entrepreneurs can apply to their own businesses.

Founding Story

The Founders

We are Michael Malinsky (Co-Founder & CEO) and Marina Kalenchyts (Co-Founder & Brand Director), joined later by Doug Cooper (Co-Founder & COO) . We’re a husband-and-wife team, rooted in Eastern European heritage, and our passion for beauty was forged in childhood.

(Actual quote from Marina Kalenchyts, TheIndustry.beauty interview, January 2025) “For both myself and my husband Michael, who is also my co-founder, our passion for beauty was profoundly shaped by the women in our Eastern European families. As a child, I was mesmerised by my grandmother’s daily ritual of applying her signature hot pink lipstick — whether she was heading to the bakery or attending a grand celebration. Her impeccable style, perfectly coiffed hair, and flawless makeup reflected her deep pride in self-presentation.” 

“For Michael, it was his grandmother’s creativity and resourcefulness that left a lasting mark. She would blend natural herbs and animal fats in her kitchen, crafting treatments for women eager to feel beautiful, despite limited access to cosmetics. These experiences taught us that beauty is more than just products — it’s about rituals, creativity, and the confidence that comes from feeling your best.” 

The Problem We Aimed to Solve

Long-wear makeup had a reputation problem. It was harsh, drying, uncomfortable, and often ineffective . We believed it didn’t have to be that way. Our mission was to redefine longwear makeup as clean, caring, and genuinely comfortable .

The Spark

The initial idea emerged during COVID-19. With limited salon access, consumers were desperate for products that could deliver salon-quality results at home . We developed the Wonder Blading Lip Stain — a long-wear lip color that mimicked the effects of temporary lip blushing, paired with a unique, engaging application process .

Early Challenges

“Our virality curve wasn’t instant and up into the right; it was a slow-building momentum while we figured out the right messaging, the right visuals, the right branding, the right communications, the right packaging, the right pricing.” 

We launched in 2020 . The early days were bootstrapped. According to BeautyMatter, the company was initially self-funded . We had no institutional capital, no safety net — just our own belief in the product.

Funding Journey

  • 2020-2024: Bootstrapped, self-funded 
  • May 2025: $50 million Series A led by Insight Partners (the largest beauty raise globally that year) 
  • Post-funding: Michael Malinsky retained majority ownership 

Audience & Positioning

Initial Target Audience

We started broad: anyone interested in long-wear, innovative beauty. But we quickly realized our product was resonating across three distinct generations.

“One of the biggest surprises in our business journey has been discovering how our hero product, the Wonder Blading Lip Stain, resonates across three generations — Gen Z, millennials, and women over 45.” 

The Refined Audience

SegmentWhat They Love
Gen ZBold, visual appeal; TikTok-worthy innovation 
MillennialsPracticality; time-saving benefits; fits busy lifestyles 
Women 45+Long-lasting wear; no feathering into lines; fades gracefully 

Core Consumers: Millennial women, with growing Gen X reach 

Positioning vs. Competitors

We positioned ourselves at the intersection of performance, creativity, and clean beauty . Unlike traditional longwear brands that prioritized longevity over skin health, we proved you could have both .

Key Differentiators

  1. Patented Innovation: Our Wonder Blading technology is proprietary and category-defining 
  2. Clean Formulation: Longwear without the harsh chemicals — skincare-infused makeup 
  3. Community-First Approach: We don’t just sell to our audience; we build with them 
  4. Refusal to Launch “Stock” Formulas: Every product must be innovative or we won’t launch it 

4. Marketing Platforms & Strategies

Priority Platforms

We operate across Instagram, TikTok, Facebook, YouTube, Threads, Pinterest, X, and LinkedIn — but our biggest successes come from Instagram, Facebook, TikTok, and YouTube .

Content That Worked

  • The “Wow Factor” Reveal: The metallic blue application and peel-off reveal is inherently shareable 
  • User-Generated Content (UGC): We actively encourage customers to share their experiences 
  • Educational Content: Tutorials showing proper application (crucial because the product requires a specific technique)
  • Behind-the-Scenes: Lab footage, formulation stories, and founder authenticity

Campaign #1: TikTok Creative Challenge

ElementDetail
GoalRe-capture viral momentum with scalable creator content 
CreativePartnered with 407 different creators across 8 campaigns and 8 product SKUs 
SpendNot publicly verifiable
Performance328% increase in return on ad spend; 182% increase in click-through rate 
OutcomeTransformed from challenger brand to leader in long-wear beauty 

Campaign #2: The “Lipotle” Chipotle Collaboration

ElementDetail
GoalCross-pollinate with a complementary Gen Z brand; drive cultural relevance 
CreativeGuacamole-inspired lip stain kit; limited edition 
SpendNot publicly verifiable
PerformanceFirst drop sold out instantly; second drop created massive demand 
OutcomeViral success; earned massive organic response from TikTok beauty community 

Campaign #3: Influencer Seeding & Community Building

ElementDetail
GoalBuild authentic advocacy, not just awareness
CreativeGifting products to micro and macro influencers; encouraging raw, unfiltered demonstrations 
PerformanceCreated a self-perpetuating content loop; UGC became primary acquisition channel
OutcomeBuilt trust faster than any paid ad could 

The Failed Experiment & Lessons

“The digital entrepreneurs’ anxiety is always there, because whenever something is working well in digital, there’s always the concept of the half-life, because at some point, it will be less efficient. At some point, it will be less viral.” 

Lesson: Don’t rely on a single channel or a single viral moment. We learned to diversify — expanding into retail, building a DTC foundation, and investing in product innovation beyond the lip stain.

5. Technology & Analytics Stack

E-Commerce Platform

Wonderskin.com is built on Shopify (specifically Shopify Plus, based on the scale) . This provides the flexibility and scalability needed for a high-growth DTC brand.

Key Distribution Channels & Analytics

ChannelRoleNotes
DTC (wonderskin.com)Primary channelLargest revenue driver 
AmazonSecondary channelLip Stain Masque ranked #1 in lip stain category for 12 consecutive months on Amazon US 
TikTok ShopGrowth channelOne lip stain sold every five seconds 
RetailFastest-growing channel~3,000 points of distribution worldwide 

Retail Partners (as of 2025):

  • UK: Boots (exclusive retail partnership) 
  • US: Sephora, Nordstrom, Anthropologie, Urban Outfitters 
  • Europe: Marionnaud, Lyko 

KPIs Tracked

MetricPerformance
Annual Revenue (2025)$100-125 million 
Revenue Growth (2023-2024)300% year-over-year 
EBITDA MarginJust under 10% 
Non-Lip Stain Revenue1/3 of total revenue 
DTC Cross-Sell RateNearly 50% of DTC customers buy a non-lip stain product 

Technology Partners

  • Shopify Plus: E-commerce platform
  • TikTok For Business: Ad platform and creative challenge partner
  • Insight Partners: Strategic guidance and operational support post-Series A

Growth Milestones

Chronological Timeline

YearMilestoneStrategic Impact
2020Founded by Michael Malinsky & Marina Kalenchyts Bootstrapped, self-funded 
2020Launched Wonder Blading Lip Stain MasqueViral moment; 1B+ views 
2021Official brand launch Expanded product range beyond lip
2023Revenue grew 300% Validated product-market fit
2024Revenue grew another 300% Proof of scalability
2024TikTok Creative Challenge: 407 creators, 8 campaigns Scaled creator marketing
2024Chipotle “Lipotle” collaboration Cultural breakthrough
2025$50M Series A led by Insight Partners Largest beauty raise globally 
2025Boots retail partnership UK retail expansion
2025Launched Hyper-Bond Serum Foundation Category expansion into complexion
2025Revenue: $125M Scaled to nine-figure business
20253,000+ retail points of distribution Omnichannel presence

Key Partnerships & Innovations

  1. TikTok Creative Challenge: Partnered with 407 creators across 8 campaigns — a scalable, performance-driven content engine 
  2. Chipotle Collaboration: The “Lipotle” lip stain kit bridged beauty and fast-casual, creating a cultural moment 
  3. Boots Exclusive: UK retail partnership with pop-up at Battersea Power Station 
  4. Product Expansion: From lip stain to 25+ products across lip, eye, cheek, brow, and face 

Challenges & Failures

Setback #1: The “One-Hit Wonder” Anxiety

(Actual quote from Michael Malinsky, Glossy interview) “Wonderskin could have easily become a one-hit wonder.” 

The Fear: A viral product can be a trap. Once the novelty fades, so does the brand.

The Response: We invested heavily in product innovation beyond the lip stain. By 2025, one-third of revenue came from non-lip stain products, and nearly half of DTC customers purchased a non-lip stain item .

(Actual quote from Malinsky, Beauty Independent) “We’ve certainly proven our capacity is not just to ride the coattails of one viral product. We have the tenacity to develop, bring to market and defend other hero items.” 

Setback #2: Customer Service & Fulfillment Complaints

Public reviews on platforms like PissedConsumer and Mumsnet reveal shipping delays and refund processing issues .

Analysis: Rapid growth (300% year-over-year) often outpaces operational infrastructure. The brand’s “small market share” and “revenue per employee below industry average” (per Kona Equity) suggest operational inefficiencies .

Response: The $50M Series A specifically allocated funds for enterprise resource planning tools — a direct acknowledgment that operational scaling was a priority .

Setback #3: Building Trust Beyond the Viral Moment

(Actual quote from Malinsky, Glossy) “Just standing out is a small part [of success]. Delivering curiosity, entertainment and ultimately the desire to try a product is what we spent the first two years of the business really honing in on.” 

Lesson: Virality gets you attention. Trust keeps you in business. We spent years refining the “complete package” — messaging, visuals, branding, packaging, pricing — before amplifying .

Becoming a Household Name

The Viral Moment That Started It All

The Wonder Blading Lip Stain Masque went viral for one simple reason: the reveal was unforgettable. The metallic blue application, the 30-60 second wait, and the peel-off (or wipe-off) to reveal a long-lasting stain created a social media-friendly “wow” moment .

(Actual quote from Malinsky, Glossy) “The unique visual ‘wow factor’ helped us tremendously in capturing attention.” 

Scaling the Viral Moment

Virality alone doesn’t build a brand. We scaled it through:

  1. TikTok Creative Challenge: 407 creators, 8 campaigns, massive ROAS improvements 
  2. Influencer Seeding: Raw, unfiltered product demonstrations 
  3. Cultural Collaborations: Chipotle “Lipotle” brought the brand into pop culture 

The TikTok Creative Challenge Methodology & Creator Economics

The Problem: Scaling a Viral Moment

By early 2024, Wonderskin had already experienced the intoxicating high of virality. The Wonder Blading Lip Stain Masque had generated over 1 billion views across social media. But founder and CEO Michael Malinsky understood a brutal truth: virality has a half-life.

“The digital entrepreneurs’ anxiety is always there, because whenever something is working well in digital, there’s always the concept of the half-life, because at some point, it will be less efficient.”

The brand needed a scalable, repeatable engine for creator content — not just one viral hit, but a system that could produce hits on demand.

The Solution: TikTok Creative Challenge (TTCC)

Wonderskin turned to TikTok Creative Challenge (TTCC) , a platform that enables brands to source creator content at scale. The mechanics are elegant:

  1. Briefing Platform: Wonderskin creates multiple briefs with different product focuses, appealing to multiple customer personas
  2. Creator Matching: The brand uses keywords to find the right creators, adds do’s and don’ts, and provides creative suggestions
  3. Open Call Format: Creators respond to briefs with their own interpretations — no rigid scripts, just authentic content
  4. Ads Manager Integration: Approved content goes live instantly

The Scale: By the Numbers

MetricResult
Creators Partnered407 different creators
Campaigns Launched8 campaigns across 8 product SKUs
Creative Variations5,000+ variations in the past year
Affiliate Creator Ecosystem50,000 affiliate creators
Sales Velocity (Eyeliner)1,000% growth
ROAS Increase328% increase
CTR Increase182% increase
CPC Reduction53% reduction
Order Volume2.6x increase
TikTok Shop Sales70% QoQ growth (Q1 2025)

The Economics: Why It Works

The creator economics of TTCC are uniquely favorable:

  • Fully-Subsidized Production Fees: TikTok covers the cost of creator production, making it a highly cost-effective channel
  • Market-Native Creators: By sourcing American creators for US expansion, Wonderskin achieved cultural resonance — creators used natural language like “I feel you girl” and “Obsessed is an understatement”
  • UGC as Mainstream Strategy: As Anastasia Evans, Creative Operations at TikTok, noted: “UGC has really emerged as a mainstream piece of the creator economy”. Wonderskin’s scaling on TikTok “really came through this powering of thousands of pieces of UGC in one go”

The Flywheel Effect

The TTCC methodology created a self-perpetuating loop:

  1. Creators produce authentic content →
  2. Content drives sales and ROAS →
  3. Sales justify more ad spend →
  4. More ad spend attracts more creators →
  5. More creators produce more content

By 2025, Wonderskin had built an ecosystem of 50,000 affiliate creators generating content across the platform. The result? One lip stain sold every five seconds on TikTok Shop.

The Product Development Pipeline: From Concept to Formulation

The Philosophy: “Refusal to Launch Stock Formulas”

“Relentless commitment to innovation, our refusal to launch any stock or basic formulas.”

This isn’t marketing copy — it’s the operating principle of Wonderskin’s product development. The brand doesn’t white-label or reformulate existing products. Every launch must be genuinely innovative or it doesn’t launch.

The Team: 20 Years of Experience

“Our product development team is a dedicated group of creative minds committed to revolutionizing the beauty industry through innovation and ingenuity. We have been working together for 20 years developing innovative products for the beauty industry – and for the last 3 years, we have been leading product Development for WONDERSKIN.”

This continuity is critical. The team — led by chemists, scientists, and formulators — has the institutional knowledge to translate consumer needs into patented technologies.

The Pipeline: From Consumer Insight to Shelf

Step 1: Consumer Listening

“It always begins with the consumer. We spend a lot of time listening to their frustrations and routines.”

The Lip Rehab Serum Oil, for example, was born from consumer complaints about drying lip oils.

Step 2: Identifying the Gap
Once a need is identified, the team looks for a solution that doesn’t exist yet. The Wonder Blading Lip Stain Masque emerged during COVID-19, when limited salon access created demand for at-home alternatives to professional lip blushing.

Step 3: In-House Formulation

“We develop superhero formulas in our own lab.”

Wonderskin owns a New Jersey laboratory where all formulation work occurs. This is where the “magic” happens — the proprietary science that creates long-wear, clean formulations that actually work.

Step 4: Rigorous Testing
The Hyper-Bond Serum Foundation, for example, was formulated to be “extremely breathable, weightless and feel like a second skin”. The final formula includes 2.5% niacinamide, copper tri-peptides, and carnosine — skincare-grade ingredients in a foundation.

Step 5: The “Magic” Factor

“Once we identify a need, we combine advanced technology with creative formulations to deliver a product that feels and looks like magic – one that makes people think.”

The brand’s products “mimic the effects of modish aesthetic makeup treatments (such as lip blushing and microblading) and makes them accessible to all”.

Recent Product Innovations

ProductInnovationDevelopment Time
Wonder Blading Lip Stain MasquePatented blue-to-stain technologyDeveloped during COVID-19
Hyper-Bond Serum Foundation20 shades; 2.5% niacinamide + peptidesLaunched August/September 2025
Single-Step Cleansing BalmEliminates double-cleansing; SLS-, mineral oil-, PEG-free2 years in partnership with Korean chemists
Phlush Stick (Blush)Multi-use, tech-infused formulaEarly 2025
FYP Filter PowderPressed powder innovationEarly 2025

The Portfolio Evolution

Wonderskin’s product journey demonstrates deliberate category expansion:

  • Phase 1 (2020): Lip Stain Masque
  • Phase 2 (2021-2023): Lip liners, Lip Rehab Serum Oil, Top Glosses, brow products
  • Phase 3 (2024-2025): Blush, pressed powder, foundation
  • Phase 4 (2025+): Skincare (Cleansing Balm)

By 2025, the brand had roughly 25 products priced primarily from $15 to $35. One-third of revenue came from non-lip stain products, and nearly half of DTC customers purchased a non-lip stain item.

The Retail Expansion Strategy: How They Secured Sephora and Boots

The Philosophy: Retail as Trust-Builder

“Millions of people already know about the brand and have purchased it. Still, at the first point of purchase, they want to touch and feel it. They want to get beauty advisors’ help on how to apply it.”

Wonderskin understood that DTC and social commerce could build awareness, but retail builds trust. The strategy wasn’t just about distribution — it was about legitimacy.

The Boots Partnership: A UK Anchor

The Deal:

  • Exclusive UK retail partnership
  • Launch activation: Four-day “This Is Not Lipstick” pop-up at Battersea Power Station (May 2025)
  • Distribution: Available across Boots retail network and Boots.com

The Activation:
The pop-up featured:

  • Live demonstrations of the Lip Stain Masque
  • Color-matching by Wonderskin experts
  • Free Wonderskin bracelets and exclusive gifts
  • Meet-and-greet with founder Marina Kalenchyts

(Actual quote from Marina Kalenchyts) “We are thrilled to bring Wonderskin to life with Boots, offering customers the chance to witness first-hand how effortlessly our patented technology Lip Stain works. Within just 60 seconds of application, it delivers incredible, long-lasting results—no touch-ups needed, no matter how busy your day gets.”

Boots’ Commitment:
By 2026, Boots had opened a second beauty-only concept store in Bristol, featuring Wonderskin alongside Kylie Cosmetics, One/Size, and SheGlam. The 11,000 sq ft store showcased over 200 established and emerging brands.

The Sephora Partnership: A US Breakthrough

The Deal:

  • Launch date: September 26, 2025
  • Placement: Exclusive “Hot on Social” endcaps in 350 Sephora locations
  • Lead time: Under three months from greenlight to store rollout — “atypically short”
  • Products: Six shades of Wonder Blading Lip Stains: Whimsical, Charming, Lovely, XoXo, Romance, Divine

The “Hot on Social” Strategy:
Sephora’s new endcap program was designed specifically to fast-track social-media-propelled brands from smartphone to shelf. Wonderskin was one of the first brands to benefit.

(Actual quote from Jennifer Cohen, VP Makeup Merchandising at Sephora) “We are thrilled to partner with Wonderskin and introduce their innovative line of fan-favorite lip stains to our Sephora community. Powered by their exclusive patented technology, Wonderskin delivers science-backed products, designed to last all day and simplify makeup routines, which we know will resonate with our clients.”

Why Sephora Chose Wonderskin:

  • Proven demand: Over 4 million units sold
  • Viral momentum: 200+ million TikTok views
  • Category leadership: #1 in lip stain on Amazon
  • Patented innovation: Proprietary technology that couldn’t be easily replicated

(Actual quote from Michael Malinsky) “Our loyal fans have been asking us for years when they could find Wonderskin in retail in the US, and we couldn’t imagine a better home than Sephora for our first drop. This is just the beginning of an exciting partnership with Sephora worldwide.”

The Broader Retail Footprint

Prior to Sephora, Wonderskin had already surpassed 3,000 points of retail distribution worldwide:

RetailerRegionRole
BootsUKExclusive UK partner
SelfridgesUKPremium department store
NordstromUSPremium department store
Urban OutfittersUSGen Z lifestyle
AnthropologieUSLifestyle
MarionnaudEuropeBeauty specialty
MatasDenmarkBeauty specialty
KicksSwedenBeauty specialty
LykoNordicsBeauty specialty
RevolveUSOnline premium

The Strategic Logic

  1. Start with what works: DTC, Amazon, and TikTok Shop remained the largest outlets
  2. Build credibility through selective retail: Boots in the UK, Nordstrom in the US
  3. Leverage retail for trust and education: Touch-and-feel experiences drive conversion
  4. Scale deliberately: Wholesale wasn’t projected to exceed 15% of 2025 turnover
  5. Use retail as a growth accelerant: Retail was “growing the fastest” among all channels

The Post-Series A Growth Roadmap: How They’re Spending $50 Million

The Deal: What They Raised

DetailInformation
Amount$50 million
RoundSeries A
Lead InvestorInsight Partners
Investor Profile30-year-old firm with $90B AUM; portfolio includes Shopify, Quince, Calm, Prose
TypeMinority investment
OwnershipMalinsky continues to hold majority ownership
DateMay 2025

The Investment Thesis

(Actual quote from Rebecca Liu-Doyle, Managing Director at Insight Partners) “Wonderskin sits at the intersection of performance and creativity, delivering science-backed products that resonate with modern beauty consumers. Their ability to translate innovation into everyday routines is what makes them so exciting. At Insight, we see a clear path for Wonderskin to become a defining brand of this new era in beauty.”

The Three Pillars of Spending

Pillar 1: Retail Expansion

“The goal is to have more sustained and healthy growth, with an even faster growing profitability curve attached to it.”

The capital is funding:

  • US retail launch: “A traditional retail launch in the US in relatively short order”
  • Broader retail rollout: Accelerating presence in existing and new retail partners
  • Enterprise resource planning (ERP) tools: Operational infrastructure to support retail scaling

Pillar 2: Product Innovation

“We’ve certainly proven our capacity is not just to ride the coattails of one viral product. We have the tenacity to develop, bring to market and defend other hero items.”

The funding supports:

  • Research and development at the New Jersey lab
  • New category entries: Expanding long-wear and multi-use color cosmetics
  • Skincare expansion: The cleansing balm launched post-funding
  • Community-curated products: First community-curated product in development
  • Future product launches: “Targeted expansion into new markets, particularly in Europe and Asia, by the end of 2026”

Pillar 3: Technology and Infrastructure

  • Enterprise resource planning (ERP) tools: To manage complexity at scale
  • Tech-driven product innovation: Continuing the “technology-driven performance” focus
  • Social-first mindset maintenance: Not abandoning the engine that built the brand

The Financial Trajectory

MetricPre-Series APost-Series A (Projected)
2023 Revenue Growth300%
2024 Revenue Growth300%
2025 Revenue$100-125 million (estimated)On track to double 2024
EBITDA MarginJust under 10%“Even faster growing profitability curve”
Non-Lip Stain Revenue1/3 of totalGrowing
DTC Cross-Sell~50%Growing

The Geographic Expansion

  • North America: Two-thirds of sales
  • UK & Europe: Remaining third
  • Future: Europe and Asia by end of 2026

The Strategic Vision

(Actual quote from Michael Malinsky) “Wonderskin could have easily become a one-hit wonder.” The Series A is the insurance policy against that fate — and the engine for something much larger.

The brand is positioning itself as:

  1. A multi-category beauty company — not just lips, but eyes, cheeks, face, and skincare
  2. A science-led innovator — not just marketing, but proprietary technology
  3. A social-first, omnichannel brand — DTC, social commerce, and retail working in harmony
  4. A profitable, sustainable business — not burning cash to chase growth

Retail as Trust-Builder

“There’s absolutely some goodwill that is earned through having a recognizable name, a recognizable logo, a recognizable brand and some existing history.” 

Entering Sephora, Nordstrom, Boots, and Urban Outfitters wasn’t just about distribution — it was about legitimacy. When consumers see a brand on Sephora’s shelves, it signals quality and trustworthiness .

Long-Term Loyalty Strategy

  1. Product Quality: If the product doesn’t work, no amount of marketing can save it
  2. Community Engagement: Listening to consumer frustrations and solving them 
  3. Charity Partnerships: Supporting Lipstick Angels (cancer patient beauty services) 
  4. Cross-Generational Appeal: Products that work for Gen Z, millennials, and women 45+ 

Financial & Operational Insights

Revenue Milestones

YearRevenueGrowth
2023Not publicly verifiable300% growth 
2024Not publicly verifiable300% growth 
2025$100-125 million (estimated) On track to double 

Funding History

RoundDateAmountLead Investor
Seed2020-2024Self-funded 
Series AMay 2025$50 million Insight Partners 

Unit Economics

MetricFigure
EBITDA MarginJust under 10% 
Product Price Range$15-$35 (primarily) 
Number of Products~25 
Retail Distribution Points~3,000 globally 
Units Sold (Lip Stain)4M+  to 7.5M+ 
TikTok Shop Sales VelocityOne lip stain every 5 seconds 

Product Iteration History

PhaseProducts
Phase 1 (2020)Wonder Blading Lip Stain Masque 
Phase 2 (2021-2023)Lip liners, Lip Rehab Serum Oil, Top Glosses, brow products 
Phase 3 (2024-2025)Phlush Stick (blush), FYP Filter Powder (pressed powder) 
Phase 4 (2025+)Hyper-Bond Serum Foundation (20 shades) , Cleansing Balm 

Operational Shifts

  1. From DTC-Only to Omnichannel: Expanded to Amazon, TikTok Shop, and 3,000+ retail points 
  2. From Bootstrapped to VC-Backed: $50M Series A to fuel retail expansion and ERP tools 
  3. From Single Product to Portfolio: 25+ products across lip, eye, cheek, brow, and face 

Lessons for Founders (Actionable Playbook)

1. Build a Product That Demands to Be Shared

(Actual quote from Malinsky, Glossy) “The unique visual ‘wow factor’ helped us tremendously in capturing attention.” 

Action: Design your product experience to be inherently social. If it doesn’t make people want to film it, rethink the experience.

2. Virality Is a Marathon, Not a Sprint

(Actual quote from Malinsky) “Our virality curve wasn’t instant and up into the right; it was a slow-building momentum while we figured out the right messaging, the right visuals, the right branding, the right communications, the right packaging, the right pricing.” 

Action: Don’t rush to amplify before you’ve perfected the “complete package.” Test, iterate, and only then scale.

3. Diversify Beyond the Hero Product

(Actual quote from Malinsky) “We’ve certainly proven our capacity is not just to ride the coattails of one viral product.” 

Action: Invest in R&D early. A single viral product is a foundation, not a finish line. By 2025, 1/3 of our revenue came from non-lip stain products .

4. Retail = Trust, Not Just Distribution

Action: Getting into Sephora, Boots, and Nordstrom wasn’t about volume — it was about legitimacy. Consumers trust brands they see on shelves.

5. Listen to Your Community

(Actual quote from Marina Kalenchyts) “It always begins with the consumer. We spend a lot of time listening to their frustrations and routines.” 

Action: Build products that solve real pain points. Our Lip Rehab Oil was born from consumer complaints about drying lip oils .

6. Refuse to Launch “Stock” Formulas

(Actual quote from Marina) “Our relentless commitment to innovation, our refusal to launch any stock or basic formulas.” 

Action: If it’s not innovative, don’t launch it. Your brand is defined by what you choose to put into the world.

7. Plan for the “Half-Life” of Digital Channels

(Actual quote from Malinsky) “The digital entrepreneurs’ anxiety is always there, because whenever something is working well in digital, there’s always the concept of the half-life.” 

Action: Don’t become dependent on any single channel. Diversify across DTC, Amazon, TikTok Shop, and retail.

8. Build for Multiple Generations

Action: Our lip stain resonates with Gen Z, millennials, and women 45+ . A broader appeal creates a more resilient customer base.

9. Operational Infrastructure Matters

Action: The $50M Series A wasn’t just for product — it was for ERP tools to fix operational bottlenecks . Growth without infrastructure is chaos.

10. Stay Curious and Consumer-Obsessed

(Actual quote from Marina) “Our goal is to solve those pain points through smart innovation and a fun, engaging approach.” 

Action: Never stop asking: “What frustrates our customers? How can we make their lives easier?”