Company Overview - Yuv, a London-based beauty tech company, has successfully closed a $12 million Series A funding round led by Nineyards Equity, with participation from founder Franciso Gimenez, existing investor VNV Global, and strategic angels [1][4] - The newly raised funds will be utilized to accelerate Yuv's growth in the U.K. and support its expansion into the U.S. next year [2] Product and Technology - Yuv has developed the Yuv Lab, an app-connected system that replaces single-use tubes with refillable aluminum cartridges, aiming to reduce waste while offering millions of customized formulations at the touch of a button [2][3] - The system employs advanced technology, including patented hardware, AI-backed software, and Swiss formulas, to create desired blends of hues and tones, enhancing creativity and streamlining operations [3] - The pay-as-you-dispense model allows salons and freelancers to be charged only for what they use, which is expected to cut costs [3] Market Potential - The global salon hair services market is projected to grow from $203.78 billion in 2025 to $341.67 billion by 2032, indicating significant market potential for Yuv's offerings [5] Strategic Vision - Eric Sävendahl from Nineyards Equity expressed confidence in Yuv's potential to reshape the professional hair color industry through digital transformation [4] - Founder and CEO Franciso Gimenez highlighted that this funding represents a pivotal moment for Yuv, emphasizing the company's mission to transform professional hair color through sustainability, design, and technology [4]