Hyungseok Ha said the company lost over 50% of revenue generated from China during the THAAD crisis and scaled down the China business before recovering.
SourceA global multi-brand beauty and personal care startup.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
MBX (formerly Memebox) is a venture-backed K-beauty and personal care company that evolved from subscription commerce into a multi-brand beauty house selling directly to consumers and through major retail partners. Its portfolio includes Nooni, Kaja, I'm Meme, I Dew Care, and Pony Effect, and recent growth has been driven by creator-led content and TikTok commerce.
Primary product
Nooni Lip Oil and other K-beauty color/care brands
Founded
2012
Headquarters
Hollywood, California, United States
Team size
100-150
Work style
Flexible
Industry
Cosmetics
Sub-industry
K-beauty and personal care brand house / e-commerce
1 job at MBX
Offices
Business model
Stage
Growth
Total raised
$242.5M
Latest round
Growth · Mar 2026
Latest amount
$10M
Mar 2026 · ASQ Fund
Convertible note / growth round
Jul 2025 · Goodwater Capital
Jan 2019 · JJDC
Dec 2016
Aug 2016 · Formation Group
Mar 2015
Jun 2014
Mar 2014
Dec 2013 · SparkLabs Global Ventures
Leadership
Co-founder & CEO
Vice President (Finance & Accounting)
Head of Finance
Head of Brand
Sales Unit Leader / Senior Director
Director of Sales
Director of Sales
Director of Sales
Director of Sales
Founders
Doin Kim
Co-founder & COO
Investors
Public company materials describe MBX as a lean, collaborative, creator-led organization that values care, impact, innovation, experience, justice, urgency, curiosity, authenticity, quality, fun, and data-driven decision-making.
Work style
Flexible
Pricing
Affordable mass-market / accessible prestige pricing; many products are positioned under $20 and sold through DTC plus wholesale retail channels.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$300M-$400M
Estimated monthly visits
289.1K
Traffic estimate as of Jul 2026
Hyungseok Ha said the company lost over 50% of revenue generated from China during the THAAD crisis and scaled down the China business before recovering.
SourceDuring the COVID-19 pandemic, the company focused on profitability and said it reached positive cash flow and EBITDA profitability in five quarters.
SourceModern Retail · Jun 2026
Modern Retail says MBX uses a TikTok-first model to verify demand via TikTok Shop before expanding into wholesale and physical retail, with Nooni and Kaja reaching top seller tiers on TikTok Shop.
PR Newswire · Jun 2026
MBX said Nooni Lip Oil exceeded 200 million cumulative TikTok views and promoted its largest-ever Amazon Prime Day event across Amazon U.S., Canada, and the U.K.
Inside Retail · Jun 2026
Interview covers MBX's evolution from subscription commerce to brand incubation, the launch of its first U.S. office operations, and current growth driven by Nooni Lip Oil.
PR Newswire · May 2026
I'm Meme launched in 1,900 Walgreens stores and online, with all products priced under $20.
StartupRecipe · Jul 2025
StartupRecipe reported MBX raised an additional $6.5M in a convertible note round led by existing investors including Goodwater Capital, with total funding reaching $227M.