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Nigel TAYLOR Published
November 13, 2025
First-time entrepreneur Kameese Davis has sold a £530,000 minority stake in her Nylah’s Naturals haircare business and has a new executive chairman.
Bob Holt, the former chief executive of beauty firm Revolution Beauty, has joined Nylah’s Naturals as one of the company’s largest angel investors, reported The Times.
The stake buy is from the Midlands Engine Investment Fund and the West Midlands Co-Investment Fund, both backed with public money, and comes with a further offer of £360,000 if Davis can find private investors or funds willing to partly match their input.
The arrival of new backers comes two years after Davis turned down financial support for her afro haircare business on the BBC’s Dragons’ Den programme.
She rejected an offer of £50,000 from entrepreneur Sara Davies for 40% of her business after appearing on the TV show in 2025. Her business is now valued at over £3 million.
The founder and chief executive said the investment in Nylah’s Naturals, which is stocked at Superdrug and is in talks with Tesco, was “significant” given that research suggests less than 2% of all venture capital money is allocated to all-female teams. Meanwhile, less than 2% goes to black and ethnic minority-led businesses, with only a fraction reaching black women entrepreneurs.
“Something like this not only serves as a fantastic opportunity for me and my business, it serves as an example for other black women to keep going, keep persevering. There are options out there, they are far and few between and they are difficult to get,” she said.
She added: “There’s a certain amount of pressure on me now that I have secured this funding to be able to demonstrate for black women in business that we are investible and underestimated. We deserve as much of an opportunity as everybody else and also the room to make mistakes.”
New executive chairman Holt was, as mentioned, previously CEO of Revolution Beauty but was forced out in August after major shareholder Boohoo demanded the installation of a new board for the beleaguered business.