Hair transplant is huge business

Barber Surgeons Guild specializes in follicular unit extraction (FUE), which uses robot tech to restore hair.

Photo by Abert Foster/Mirrorpix/Getty Images

In 2018, LeBron James launched “The Shop,” an HBO talk show that was a key part of the NBA superstar’s media ambitions.

The first episode was filmed in the LA location of a startup called Barber Surgeons Guild, which itself has big ambitions…

… in the hair restoration industry

Specifically, the company wants to help men deal with balding. And this is no small beans: Per MedGadget, the hair transplant industry is projected to be worth $24B by 2023.

Founded in 2017, Barber Surgeons specializes in a technique called follicular unit extraction (FUE), which involves a robot plucking individual hairs from the skull and placing them into areas that are thinning.

“Hair transplants used to involve stripping of the actual scalp,” Barber Surgeons’s founder and CEO Justin Rome tells The Hustle. “FUE is a much better alternative.”

Not just hair transplants

Men’s health — particularly in sensitive areas — has attracted significant investor interest:

  • Hims launched as a direct-to-consumer (D2C) option to treat men’s hair loss and erectile dysfunction (it went public earlier this year and is currently valued at $1.7B)
  • Ro also launched to address erectile dysfunction and has raised $876m at a $5B valuation

While both of those startups have pivoted into women’s health too, Barber Surgeons remains focused on men. In addition to hair transplants, it offers a line of men’s grooming products and — of course — barber services in its shops (NY, LA).

Already on a mid-7-figure run rate, Barber Surgeons is setting its goals even higher. Just like ’Bron.

Get the 5-minute roundup you’ll actually read in your inbox​

Business and tech news in 5 minutes or less​



How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?